Human Services
(P30)
IRS Verified
DX Registered
990 on File
FOSTER VILLAGE CHARLOTTE
Financial strength (30%)
76/100
Reliability (20%)
45/100
Effectiveness (25%)
86/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
The mission of Foster Village Charlotte is to create a village of support for our local children in foster care and those caring for them by meeting urgent needs, providing support and advocating for lasting change in our child welfare system.
Financial Overview — FY 2024
$685K
Total Revenue
$660K
Total Expenses
$891K
Net Assets
11
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
77.3%
Fundraising Efficiency
429.8%
Operating Reserve
16.20x
Liability-to-Asset
6.8%
Revenue Diversification
97.8%
Executive Compensation
$60K
Compared with Peers
FY 2024
Compared with 15,047 similar organizations
(United States, Human Services, $100K–$1M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
77.3% | 86.3% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
15.1% | 10.4% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
7.6% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
429.8% | 15.8% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
16.2 mo | 8.4 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
6.8% | 1.6% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
97.8% | 96.4% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
11.2% | 7.0% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
22.3% | 8.3% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
3.7% | 2.1% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $685K | $660K | $891K | 77.3% | 11 |
| 2023 | $616K | $540K | $866K | 78.9% | 9 |
| 2022 | $624K | $326K | $787K | 74.3% | 7 |
| 2021 | $824K | $254K | N/A | — | 7 |
| 2020 | $393K | $236K | N/A | — | 6 |
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