Embracing Futures Inc

Analysis

Embracing Futures Inc is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in October 1966, 60 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, Embracing Futures Inc reported income of $363k and spending of $318k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $389k to $363k (-6.7%), an average of -1.7% a year. The sharpest change came in the year to December 2022, when income rose by 82%. Over the whole period it spent 72% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Embracing Futures Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within OH. Charities of a similar size with the same main cause include Happy Lungs Project ($363k), TJ Community Mission Foundation Inc ($363k) and Genesis Project Inc ($363k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $84k (26% of expenses). Other salaries and wages came to $50k. At year end it held assets of $2.3m against liabilities of $7,782, net assets of $2.3m. It reported 3 employees.