Unlocking Futures Inc

Analysis

Unlocking Futures Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1990, 36 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Unlocking Futures Inc reported income of $484k and spending of $384k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $985k to $484k (-51%), an average of -16% a year. The sharpest change came in the year to December 2022, when income rose by 70%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Unlocking Futures Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Lollipop Theater Network Inc ($484k), Return to Hope Inc ($484k) and Breaking Barrier - Hope Is Alive ($484k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $126k (33% of expenses). Other salaries and wages came to $66k. At year end it held assets of $280k against liabilities of $57k, net assets of $223k. It reported 4 employees.