Futerman Supporting Foundation Inc

Analysis

Futerman Supporting Foundation Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in June 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Futerman Supporting Foundation Inc reported income of $106k and spending of $146k, spending 138% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $126k to $106k (-16%), an average of -4.3% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 153% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Futerman Supporting Foundation Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Beacon Heights Inc ($106k), Biblical Counseling Ministry Incorporated ($106k) and United Puerto Rican Council ($106k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $356k against liabilities of $110k, net assets of $245k.

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.