Believing in Our Future Inc

Analysis

Believing in Our Future Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in September 2013, 13 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Believing in Our Future Inc reported income of $210k and spending of $159k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $241k to $210k (-13%), an average of -3.4% a year. The sharpest change came in the year to December 2020, when income rose by 30%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Believing in Our Future Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include Kearney Buffalo County Casa ($210k), Contagious Disciple Making ($210k) and American Credit Counseling Institute Inc ($210k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $45k (28% of expenses). Other salaries and wages came to $44k. At year end it held assets of $118k against liabilities of $0, net assets of $118k.