Seize the Future Development Foundation

Analysis

Seize the Future Development Foundation is a registered charity in United States, based in Aurora, IL. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 June 2023, Seize the Future Development Foundation reported income of $2.0m and spending of $1.4m, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $760k to $2.0m (+162%), an average of +27% a year. The sharpest change came in the year to June 2021, when income rose by 47%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Seize the Future Development Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include Common Capital Inc ($2.0m), Sandra Day Oconnor Institute ($2.0m) and Cityway Community Economic Development Corporation ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 2.6% of the total. Other salaries and wages came to $364k. At year end it held assets of $3.4m against liabilities of $72k, net assets of $3.3m. It reported 7 employees.