Future Choices Inc

Analysis

Future Choices Inc is a registered charity in United States, based in Muncie, IN. It received its IRS tax-exemption ruling in April 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2022, Future Choices Inc reported income of $986k and spending of $860k, spending 87% of its income. Across the 4 years on record, from September 2019 to September 2022, income grew from $759k to $986k (+30%), an average of +9.1% a year. The sharpest change came in the year to September 2020, when income rose by 31%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Future Choices Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within IN. Charities of a similar size with the same main cause include Hawaii Homeownership Center ($986k), Build Love and Hope Inc ($987k) and Area Congregations Together Inc ($985k).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 73% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $122k (14% of expenses). Other salaries and wages came to $147k. At year end it held assets of $3.0m against liabilities of $924k, net assets of $2.1m. It reported 15 employees.