Fostering Hope Inc
Only null% goes to programs Strong reserves Declining revenue
Fostering Hope Inc is a 501(c)(3) organization based in Conway, South Carolina, registered in 2005, with $196,398 in FY2023 revenue. CharityIndex grades it C+.
308 Elm St, Conway, SC, 29526 EIN 34-2003272 Since 2005
Revenue (FY2023)
$196K
▼ 30.5% vs prior year
Human Services median: $293K
Expenses (FY2023)
$161K
Net assets
$1.1M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
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 Fostering Hope Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating83 mo reserves · +18% margin
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 Fostering Hope Inc: 83 mo reserves · +18% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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 Fostering Hope Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
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 Fostering Hope Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 308 Elm St, Conway, SC, 29526
- City
- Conway
- State
- South Carolina
- Category
- Human Services
- Subcategory
- Human Service Organizations
Financial trends
Revenue grew from $104K (FY2010) to $196K (FY2023) across 13 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $1.1M
Operating margin
17.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.1M
Total liabilities
$0
Net assets
$1.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $196,398▼30.5% | $161,473▲72.0% | $1,112,975▲3.2% | $1,112,975▲3.2% | 990 |
| 2022 | $282,706▲20.7% | $93,874▼0.5% | $1,078,050▲21.2% | $1,078,050▲21.2% | 990 |
| 2021 | $234,261▼2.0% | $94,353▲16.2% | $889,218▲18.7% | $889,218▲18.7% | 990 |
| 2020 | $238,951▲20.9% | $81,172▲1.2% | $749,310▲26.7% | $749,310▲26.7% | 990 |
| 2019 | $197,597▲6.7% | $80,184▲22.9% | $591,531▲24.8% | $591,531▲11.5% | 990 |
| 2018 | $185,239▲1.1% | $65,222▼8.9% | $474,118▲33.9% | $530,388▲7.3% | 990 |
| 2017 | $183,242▲60.0% | $71,607▼29.8% | $354,101▲46.0% | $494,242▲4.9% | 990EZ |
| 2016 | $114,513▲29.4% | $101,988▲60.6% | $242,466▲45.8% | $470,965▲183% | 990EZ |
| 2014 | $88,466 | $63,516 | $166,305 | $166,305 | 990EZ |
| 2013 | $88,466▲5.6% | $63,516▼3.1% | $166,305▲17.7% | $166,305▲17.7% | 990EZ |
| 2012 | $83,813▼13.2% | $65,519▼19.3% | $141,355▲14.9% | $141,355▲14.9% | 990EZ |
| 2011 | $96,504▼7.0% | $81,217▲7.9% | $123,061▲18.9% | $123,061▲15.2% | 990EZ |
| 2010 | $103,794 | $75,288 | $103,459 | $106,798 | 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.
Grants received · $511K total
16 grants to Fostering Hope Inc totaling $511K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Raymond James Charitable Endowment Fund | General support | 2024 | $8,000 |
| American Online Giving Foundation Inc | General support | 2024 | $6,358 |
| Raymond James Charitable Endowment Fund | General support | 2023 | $8,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $5,500 |
| Raymond James Charitable Endowment Fund | General support | 2022 | $8,000 |
| Delivering Good Inc | Poverty assistance | 2022 | $7,815 |
| Delivering Good Inc | Poverty assistance | 2021 | $9,667 |
| Raymond James Charitable Endowment Fund | General support | 2021 | $8,000 |
| Delivering Good Inc | Poverty assistance | 2020 | $38,552 |
| Raymond James Charitable Endowment Fund | General use and/or special fund/project | 2020 | $5,000 |
| Raymond James Charitable Endowment Fund | General use and/or special fund/project | 2020 | $5,000 |
| Delivering Good Inc | Poverty assistance | 2017 | $6,223 |
| Delivering Good Inc | Poverty assistance | 2016 | $345,712 |
| Delivering Good Inc | Poverty assistance | 2015 | $6,888 |
| Delivering Good Inc | Poverty assistance | 2014 | $42,222 |
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Frequently asked questions
- Is Fostering Hope Inc a legitimate nonprofit?
- Yes. Fostering Hope Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 34-2003272, based in Conway, South Carolina. Donations are tax-deductible.
- What is Fostering Hope Inc's EIN?
- Fostering Hope Inc's Employer Identification Number (EIN) is 34-2003272.
- How much revenue does Fostering Hope Inc report?
- Fostering Hope Inc reported $196,398 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Fostering Hope Inc have?
- CharityIndex grades Fostering Hope Inc C+, based on financial health (reserves and operating margin).
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Data for Fostering Hope Inc (EIN 34-2003272) 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.