Westside Future Fund

Analysis

Westside Future Fund is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover human services, 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, Westside Future Fund reported income of $12.5m and spending of $9.9m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.9m to $12.5m (+58%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 206%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Westside Future Fund sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within GA. Charities of a similar size with the same main cause include Bay Area Rescue Mission ($12.5m), Meals of Hope Inc ($12.5m) and Enable Inc ($12.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $873k (8.8% of expenses). Other salaries and wages came to $429k. It paid $240k in professional fundraising fees. At year end it held assets of $77.6m against liabilities of $42.4m, net assets of $35.2m. It reported 22 employees.