Future Ties NFP

Analysis

Future Ties NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 2011, 15 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Ties NFP reported income of $286k and spending of $457k, spending 160% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $317k to $286k (-9.9%), an average of -2.1% a year. The sharpest change came in the year to December 2021, when income rose by 426%. Over the whole period it spent 59% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Future Ties NFP 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 61st percentile, and in the 61st percentile within IL. Charities of a similar size with the same main cause include Lift Foundation Inc ($286k), Barrington Youth Football Inc ($286k) and Lambs of God Inc ($286k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $108k. At year end it held assets of $1.3m against liabilities of $59k, net assets of $1.3m. It reported 4 employees.