Future Citizens Foundation

Analysis

Future Citizens Foundation is a registered charity in United States, based in Salinas, CA. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Citizens Foundation reported income of $4.0m and spending of $4.0m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $4.0m (+45%), an average of +9.7% a year. The sharpest change came in the year to December 2021, when income rose by 113%. Over the whole period it spent 80% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Future Citizens Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Team Summit ($4.0m), Special Olympics Kentucky Inc ($4.0m) and Camps Newfound Owatonna Corporation ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% and program service revenue 9.7% of the total. Compensation of current officers, directors and key employees was $188k (4.7% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $9.6m against liabilities of $1.0m, net assets of $8.6m. It reported 82 employees.