Future Arts Foundation

Analysis

Future Arts Foundation is a registered charity in United States, based in Lafayette, CO. It received its IRS tax-exemption ruling in October 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Future Arts Foundation reported income of $567k and spending of $455k, spending 80% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $403k to $567k (+41%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 86% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Future Arts Foundation sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within CO. Charities of a similar size with the same main cause include Green County Agricultural Society & Mechanics Institute ($567k), Moravian Mt Morris Center Inc ($568k) and Teton Experience Inc ($567k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $81k (18% of expenses). At year end it held assets of $216k against liabilities of $1,837, net assets of $214k. It reported 1 employees.