Futures Unlimited Inc

Analysis

Futures Unlimited Inc is a registered charity in United States, based in Pontiac, IL. It received its IRS tax-exemption ruling in August 1971, 55 years ago. 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 2024, Futures Unlimited Inc reported income of $4.0m and spending of $4.7m, spending 117% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $5.2m to $4.0m (-22%), an average of -4.9% a year. The sharpest change came in the year to June 2022, when income dropped by 29%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Futures Unlimited Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IL. Charities of a similar size with the same main cause include South Eastern Idaho Community ($4.0m), Halifax Medical Center Foundation Inc ($4.0m) and Reach for Resources Inc ($4.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 22% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $181k (3.8% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $3.2m against liabilities of $610k, net assets of $2.6m. It reported 146 employees.