Futurus Foundation Inc

Analysis

Futurus Foundation Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in July 1987, 39 years ago. 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 December 2023, Futurus Foundation Inc reported income of $210k and spending of $288k, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $912k to $210k (-77%), an average of -31% a year. The sharpest change came in the year to December 2021, when income rose by 190%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Futurus Foundation Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include The Thomas Jefferson Institute for Public Policy ($210k), Bay Area Community Services Inc ($210k) and Business Professionals of America Massachusetts Association Inc ($210k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 82% of the total. At year end it held assets of $4.3m against liabilities of $16k, net assets of $4.2m.