Neo-Futurists

Analysis

Neo-Futurists is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 1991, 35 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Neo-Futurists reported income of $463k and spending of $424k, spending 92% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $354k to $463k (+31%), an average of +6.9% a year. The sharpest change came in the year to August 2023, when income rose by 25%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Neo-Futurists 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 69th percentile, and in the 69th percentile within IL. Charities of a similar size with the same main cause include Southern Initiative of the Algebra Project Inc ($463k), Wildlife Science Center ($463k) and Spring Township Library Association ($463k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 36% and program service revenue 49% of the total. Other salaries and wages came to $159k. At year end it held assets of $305k against liabilities of $9,782, net assets of $295k. It reported 25 employees.