Future Med LA Foundation

Analysis

Future Med LA Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 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 (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 Med LA Foundation reported income of $217k and spending of $119k, leaving 45% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $81k to $217k (+169%), an average of +169% a year. The sharpest change came in the year to December 2023, when income rose by 169%. Over the whole period it spent 76% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Future Med LA Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include C4 Services Incorporated ($217k), A Giving Heart Foundation ($217k) and Clinical Biotechnology Research Institute at RSFH ($217k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. At year end it held assets of $266k against liabilities of $39k, net assets of $227k.