Future Net

Analysis

Future Net is a registered charity in United States, based in WDM, IA. It received its IRS tax-exemption ruling in January 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Future Net reported income of $574k and spending of $527k, spending 92% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $428k to $574k (+34%), an average of +6.1% a year. The sharpest change came in the year to June 2021, when income rose by 157%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Future Net sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 75th percentile within IA. Charities of a similar size with the same main cause include Oshun Mountain Sanctuary Inc ($574k), Youth Tech Inc ($574k) and Consejo Real de Reyes Feos Anteriores Inc ($574k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $119k (23% of expenses). Other salaries and wages came to $209k. It paid $21k in professional fundraising fees. At year end it held assets of $317k against liabilities of $36k, net assets of $282k. It reported 7 employees.