FOSTER KINSHIP
Mission Statement
An alarming 30,000 children in Nevada cannot live with either of their parents due to a traumatic combination of abuse, neglect, substance use, homelessness, mental illness, or domestic violence. Most of these children live with their grandmother or other relatives in an arrangement known as kinship care. Kinship care is both an intervention and prevention. Caregivers intervene when children cannot live with their parents to ensure they can live with family, which prevents children from entering the foster care system and living with strangers. Foster Kinship was founded in 2011 with a mission to strengthen kinship caregivers' capacity to provide safe, stable, and nurturing homes for these vulnerable children. We are the only organization in Nevada exclusively serving kinship families, and we serve approximately 6,000 children annually. The two foundational beliefs of Foster Kinship are: 1) Children should live with their family when they can't live with their parents; and, 2) All kinship caregivers should have the support, tools, and training to raise healthy children who can break generational cycles of abuse and neglect. Foster Kinship believes that kids deserve family.
Financial Overview — FY 2024
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
84.6% | 85.4% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
15.4% | 11.4% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.4% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
9.2 mo | 8.5 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
55.3% | 14.7% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
99.3% | 93.3% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
30.0% | 7.5% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
38.4% | 10.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
18.8% | 2.0% |
P10P90
|
Impact
1 program| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| Children are 3x more likely to remain with family instead of entering foster care with strangers. | 6,000 | $567.00 | — | Per Year |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $3.6M | $2.9M | N/A | — | 38 |
| 2023 | $2.7M | $2.2M | $1.7M | 84.6% | 47 |
| 2022 | $2.0M | $1.6M | $1.2M | 88.5% | 24 |
| 2021 | $1.2M | $1.1M | N/A | — | 22 |
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