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Future Focused Education

RegisteredEIN 47-3717716Albuquerque, NMEducation and training
Income$7.6m2023-06
Spending$4.2msame year
Spent / received78%5-year average
Size in its cause92nd pctEducation and training
Exempt since2015Publicly supported organisat
Employees213latest return

Analysis

Future Focused Education is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in April 2015, 11 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 June 2023, Future Focused Education reported income of $7.6m and spending of $4.2m, leaving 45% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $7.6m (+655%), an average of +66% a year. The sharpest change came in the year to June 2023, when income rose by 242%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Future Focused Education sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NM. Charities of a similar size with the same main cause include Alpha Kappa Alpha Educational Advancement Foundation Inc ($7.6m), Urban Discovery Schools ($7.6m) and Hill for Literacy Inc ($7.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $314k (7.5% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $5.2m against liabilities of $339k, net assets of $4.8m. It reported 213 employees.

Income and spending

$0$1.9m$3.8m$5.7m$7.6m2019 Income: $1,006,1882019 Spending: $1,354,65620192020 Income: $1,006,4782020 Spending: $1,352,06620202021 Income: $1,944,7722021 Spending: $1,434,47120212022 Income: $2,222,2862022 Spending: $2,463,67920222023 Income: $7,592,3712023 Spending: $4,192,6692023
IncomeSpending

Where the income comes from

  • Contributions & grants 99%
  • Other 1.4%

Similar-sized charities, same cause

CharityLocationIncome
Alpha Kappa Alpha Educational Advancement Foundation IncChicago$7.6m
Urban Discovery SchoolsSan Diego$7.6m
Hill for Literacy IncBoston$7.6m
Institute for Native Pacific Education and CultureKapolei$7.6m