Future Business Leaders of America- Inc

Analysis

Future Business Leaders of America- Inc is a registered charity in United States, based in Reston, VA. It received its IRS tax-exemption ruling in October 1971, 55 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Future Business Leaders of America- Inc reported income of $5.2m and spending of $7.5m, spending 145% of what it took in. Across the 6 years on record, from June 2019 to July 2023, income grew from $5.2m to $5.2m (+0.5%), an average of +0.1% a year. The sharpest change came in the year to July 2022, when income rose by 1505%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Future Business Leaders of America- Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within VA. Charities of a similar size with the same main cause include San Francisco Film Society ($5.2m), The Shakespeare Center of Los Angeles Inc ($5.2m) and Combined Arms ($5.2m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 2.3% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $351k (4.7% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $9.4m against liabilities of $1.4m, net assets of $8.0m. It reported 22 employees.