Saginaw Future Inc

Analysis

Saginaw Future Inc is a registered charity in United States, based in Saginaw, MI. It received its IRS tax-exemption ruling in May 1992, 34 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Saginaw Future Inc reported income of $811k and spending of $1.4m, spending 172% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $811k (-67%), an average of -24% a year. The sharpest change came in the year to December 2020, when income rose by 107%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Saginaw Future Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MI. Charities of a similar size with the same main cause include Academia Nuestra Senora de Fatima Inc ($811k), Hyde Park Montessori ($811k) and Tufts Global Inc ($811k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.6% of the total. Other salaries and wages came to $615k. At year end it held assets of $2.6m against liabilities of $372k, net assets of $2.2m. It reported 10 employees.