For the Future Inc

Analysis

For the Future Inc is a registered charity in United States, based in Chatsworth, CA. It received its IRS tax-exemption ruling in April 2007, 19 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 June 2022, For the Future Inc reported income of $704k and spending of $642k, spending 91% of its income. Across the 4 years on record, from December 2019 to June 2022, income fell from $760k to $704k (-7.4%), an average of -2.5% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 94% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, For the Future Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Distinguished Young Women Foundation ($704k), Building Futures ($705k) and Secei ($704k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $385k. At year end it held assets of $979k against liabilities of $679k, net assets of $300k. It reported 55 employees.