Foster Progress is a 501(c)(3) organization based in Chicago, Illinois, registered in 2016, with $769,803 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$770K
▲ 9.2% vs prior year
Human Services median: $293K
Expenses (FY2024)
$698K
Net assets
$435K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Foster Progress— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Foster Progress: 7 mo reserves · +9% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Foster Progress— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Foster Progress: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $151K (FY2020) to $770K (FY2024) across 5 reported years.
Financial snapshot
Operating margin
9.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$439K
Total liabilities
$3,892
Net assets
$435K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $769,803▲9.2% | $698,309▲14.5% | $435,259▲19.7% | $439,151▲18.6% | 990 |
| 2023 | $704,899▲37.7% | $610,022▲73.4% | $363,765▲38.0% | $370,344▲39.3% | 990 |
| 2022 | $512,016▲65.3% | $351,818▲17.2% | $263,690▲154% | $265,909▲116% | 990 |
| 2021 | $309,722▲105% | $300,070▲92.7% | $103,636▲83.2% | $123,251▲61.8% | 990 |
| 2020 | $151,361 | $155,759 | $56,565 | $76,180 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
9 grants to Foster Progress totaling $95K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Paypal Charitable Giving Fund | General support | 2024 | $8,602 |
| American Online Giving Foundation Inc | General support | 2024 | $6,065 |
| Robert R Mccormick Foundation | General operating support | 2023 | $30,000 |
| American Online Giving Foundation Inc | General support | 2023 | $6,848 |
| The Blackbaud Giving Fund | General support | 2022 | $13,180 |
| American Online Giving Foundation Inc | General support | 2022 | $8,136 |
| Mightycause Charitable Foundation | Unrestricted | 2021 | $7,434 |
| The Chicago Community Trust | General operating support | 2019 | $10,000 |
| Swedish Covenant Health | To help enable youths in foster care to attend college by providing mentors, helping to connect youths to scholarship programs, and advocating at colleges and at the state level for better practices to give youths in foster care a better chance for success. | 2017 | $5,000 |
Explore more
Data for Foster Progress (EIN 47-3959210) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.