AI Summary
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Fostering Promise is a nonprofit organization dedicated to human services, with a mission to ensure that every young person aging out of foster care has a safe home, supportive mentorship, and the hope for a promising future. Operating with a budget of $431.5K and total revenue of $621.8K in the 2025 filing year, the organization relies on multiple funders, none of which contribute 50% or more of its revenue.
Mission Statement
The mission of Fostering Promise is to ensure that every young person who ages out of foster care has a safe place to call home, the support of a caring mentor and the hope for a promising future.
Cause Areas
1
Human services
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Frequently Asked Questions
What is FOSTERING PROMISE’s budget?
In 2025, FOSTERING PROMISE reported an annual operating budget of around $431 thousand. More detailed financial information is available to registered users.
What causes does FOSTERING PROMISE support?
FOSTERING PROMISE supports work in Human services.
Where does FOSTERING PROMISE operate?
FOSTERING PROMISE is headquartered in San Jose, CA.
Who funded FOSTERING PROMISE recently?
In 2025, FOSTERING PROMISE received grants from SAN JOSE MERCURY NEWS WISH BOOK FUND INC, THE HEALTH TRUST, and Silicon Valley Community Foundation. More information on this organization’s funders is available to registered users.
What is the largest grant FOSTERING PROMISE received in 2024?
The largest grant to FOSTERING PROMISE in 2024 exceeds $75 thousand.
What is FOSTERING PROMISE’s reliance on government grants?
FOSTERING PROMISE relied on government grants for more than 5% of their total revenue in 2025.