Future Colours Corp

Analysis

Future Colours Corp is a registered charity in United States, based in Clayton, CA. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Future Colours Corp reported income of $353k and spending of $281k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $205k to $353k (+72%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 26%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Future Colours Corp sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include A Cure in Our Lifetime Inc ($353k), Full Circle Medical Center for Women ($353k) and Parkinsons Body and Mind Inc ($353k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $89k (32% of expenses). At year end it held assets of $236k against liabilities of $44k, net assets of $191k. It reported 1 employees.