Our Future Academy

Analysis

Our Future Academy is a registered charity in United States, based in Renton, WA. It received its IRS tax-exemption ruling in February 2020, 6 years ago. 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 December 2023, Our Future Academy reported income of $60k and spending of $45k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $50k to $60k (+21%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Our Future Academy sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 18th percentile within WA. Charities of a similar size with the same main cause include The Connecticut Firemens Historical Society Inc ($60k), Society of American Military Engineers ($60k) and Saint Paul Civic Symphony Association 2000 North Central Tow ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $67k against liabilities of $0, net assets of $67k.