Future Problem Solving Program International Inc

Analysis

Future Problem Solving Program International Inc is a registered charity in United States, based in Indialantic, FL. It received its IRS tax-exemption ruling in February 1993, 33 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 June 2023, Future Problem Solving Program International Inc reported income of $1.2m and spending of $1.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.4m to $1.2m (-13%), an average of -3.4% a year. The sharpest change came in the year to June 2021, when income rose by 86%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Future Problem Solving Program International Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include State Freedom Caucus Foundation ($1.2m), California Future Farmers of America Foundation ($1.2m) and Baum School of Art ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.7% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $97k (8.0% of expenses). Other salaries and wages came to $240k. At year end it held assets of $1.2m against liabilities of $377k, net assets of $780k. It reported 9 employees.