Future Kings Inc

Analysis

Future Kings Inc is a registered charity in United States, based in Dumfries, VA. It received its IRS tax-exemption ruling in June 2014, 12 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 December 2023, Future Kings Inc reported income of $328k and spending of $269k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $66k to $328k (+399%), an average of +49% a year. The sharpest change came in the year to December 2020, when income rose by 164%. 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 Kings Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within VA. Charities of a similar size with the same main cause include The Center a Drop-In Community Learning & Resource Center Inc ($328k), Redeeming Light Community Services Inc ($328k) and Association of Osteopathic State ($328k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.1% and program service revenue 95% of the total. At year end it held assets of $113k against liabilities of $28k, net assets of $84k.