Funding the Future

Analysis

Funding the Future is a registered charity in United States, based in Cheyenne, WY. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Funding the Future reported income of $291k and spending of $425k, spending 146% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $513k to $291k (-43%), an average of -13% a year. The sharpest change came in the year to December 2020, when income dropped by 45%. Over the whole period it spent 99% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Funding the Future sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within WY. Charities of a similar size with the same main cause include Roseburg Senior Center ($291k), Hunters 4 Kids Inc ($291k) and Youth Restoration Corps ($290k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $69k (16% of expenses). Other salaries and wages came to $66k. At year end it held assets of $18k against liabilities of $4,951, net assets of $13k. It reported 2 employees.