Future Founders Foundation

Analysis

Future Founders Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Future Founders Foundation reported income of $1.4m and spending of $1.4m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.4m (+29%), an average of +6.7% a year. The sharpest change came in the year to June 2021, when income rose by 39%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Future Founders Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within IL. Charities of a similar size with the same main cause include School Tuition Association of Yuma Inc ($1.4m), Whitefish Christian Academy ($1.4m) and Act for Women and Girls ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 9.3% of the total. Compensation of current officers, directors and key employees was $190k (14% of expenses). Other salaries and wages came to $555k. At year end it held assets of $1.8m against liabilities of $218k, net assets of $1.6m. It reported 13 employees.