Futures in Education

Analysis

Futures in Education is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Futures in Education reported income of $9.4m and spending of $7.4m, leaving 21% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.4m to $9.4m (+552%), an average of +60% a year. The sharpest change came in the year to August 2020, when income rose by 501%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Futures in Education sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Educational Solutions Co ($9.4m), Lalumiere School Inc ($9.4m) and Iuoe Training and Education Center Inc ($9.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 104% of the total. It paid $2,025 in professional fundraising fees. At year end it held assets of $12.2m against liabilities of $1.3m, net assets of $10.9m.