Future Ready Five

Analysis

Future Ready Five is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in July 2012, 14 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, Future Ready Five reported income of $2.7m and spending of $2.8m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $2.7m (+0.2%), an average of +0.1% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Future Ready Five sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within OH. Charities of a similar size with the same main cause include Secor ($2.7m), Monsoon Asians & Pacific Islanders in Solidarity ($2.7m) and Reach for Youth ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $314k (11% of expenses). Other salaries and wages came to $264k. At year end it held assets of $1.7m against liabilities of $77k, net assets of $1.6m. It reported 9 employees.