Americas Future Inc

Analysis

Americas Future Inc is a registered charity in United States, based in North Port, FL. It received its IRS tax-exemption ruling in January 1961, 65 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Americas Future Inc reported income of $1.1m and spending of $1.8m, spending 162% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $87k to $1.1m (+1170%), an average of +133% a year. The sharpest change came in the year to December 2021, when income rose by 2609%. Over the whole period it spent 121% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Americas Future Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include St Johns Healing Community Board ($1.1m), Family Matters Inc ($1.1m) and Whole Child - Whole World School Inc ($1.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 124% of the total. Compensation of current officers, directors and key employees was $444k (25% of expenses). Other salaries and wages came to $288k. At year end it held assets of $2.2m against liabilities of $66k, net assets of $2.2m. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.