Future Project Inc

Analysis

Future Project Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2011, 15 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Future Project Inc reported income of $322k and spending of $683k, spending 212% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.5m to $322k (-95%), an average of -53% a year. The sharpest change came in the year to June 2023, when income dropped by 65%. Over the whole period it spent 168% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Future Project Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Friends of Central Jewish Welfare Organization of Antwerp Inc ($322k), Bridgeman Charitable Group Inc ($322k) and Mitch Daniels Leadership Foundation Inc ($322k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $415k. At year end it held assets of $1.2m against liabilities of $2.9m, net assets of -$1.8m. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.