Better Future Project Inc

Analysis

Better Future Project Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Better Future Project Inc reported income of $710k and spending of $747k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $871k to $710k (-18%), an average of -5.0% a year. The sharpest change came in the year to December 2020, when income rose by 86%. Over the whole period it spent 104% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Better Future Project Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include Urban Rivers Inc ($709k), Palouse Land Trust Inc ($711k) and Ventana Wilderness Alliance a Non Profit California Corporation ($709k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $404k. At year end it held assets of $461k against liabilities of $54k, net assets of $407k. It reported 14 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.