Future Heights

Analysis

Future Heights is a registered charity in United States, based in Cleveland Heights, OH. It received its IRS tax-exemption ruling in July 2002, 24 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, Future Heights reported income of $379k and spending of $573k, spending 151% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $459k to $379k (-18%), an average of -4.7% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Future Heights sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within OH. Charities of a similar size with the same main cause include Alabama Dance Council Inc ($379k), Nutcracker of Middle Georgia Inc ($379k) and Blue Heron Renaissance Choir Inc ($379k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $80k (14% of expenses). Other salaries and wages came to $74k. It paid $2,184 in professional fundraising fees. At year end it held assets of $112k against liabilities of $48k, net assets of $64k. It reported 7 employees.