Futuro Media Group

Analysis

Futuro Media Group is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2010, 16 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Futuro Media Group reported income of $5.9m and spending of $6.3m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.8m to $5.9m (+1.7%), an average of +0.4% a year. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Futuro Media Group sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include American Cinematheque ($5.9m), The Los Angeles Chamber Orchestra Society Inc ($5.9m) and Hands on Childrens Museum ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Other salaries and wages came to $3.3m. At year end it held assets of $4.9m against liabilities of $1.2m, net assets of $3.7m. It reported 44 employees.