Futures First Inc

Analysis

Futures First Inc is a registered charity in United States, based in Kansas City, KS. It received its IRS tax-exemption ruling in March 1963, 63 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Futures First Inc reported income of $16.5m and spending of $15.4m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.4m to $16.5m (+23%), an average of +5.3% a year. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Futures First Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within KS. Charities of a similar size with the same main cause include Thurston County Food Bank ($16.5m), Cast Inc ($16.5m) and Shadowfax Corporation ($16.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $664k (4.3% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $13.1m against liabilities of $2.0m, net assets of $11.2m. It reported 149 employees.