Future Generations University Corporation

Analysis

Future Generations University Corporation is a registered charity in United States, based in Franklin, WV. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Future Generations University Corporation reported income of $3.8m and spending of $2.7m, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.4m to $3.8m (+12%), an average of +2.8% a year. The sharpest change came in the year to June 2022, when income rose by 47%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Future Generations University Corporation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WV. Charities of a similar size with the same main cause include Frankford Valley Foundation for Literacy ($3.8m), Northwest Arkansas Head Start Human Services Inc ($3.8m) and Caucus Educational Corporation Inc ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 4.8% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $12.5m against liabilities of $520k, net assets of $12.0m. It reported 23 employees.