Future City Inc

Analysis

Future City Inc is a registered charity in United States, based in Elizabeth, NJ. It received its IRS tax-exemption ruling in December 1998, 28 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 December 2023, Future City Inc reported income of $71k and spending of $67k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $66k to $71k (+8.7%), an average of +8.7% a year. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Future City Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 35th percentile within NJ. Charities of a similar size with the same main cause include Roseville Area School District No 623 Foundation ($71k), Southwest Community Center Inc ($71k) and Northwest Missouri Enterprise Facilitation ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $107k against liabilities of $0, net assets of $107k.