Future School

Analysis

Future School is a registered charity in United States, based in Fort Smith, AR. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Future School reported income of $3.3m and spending of $3.4m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $3.3m (+46%), an average of +9.9% a year. The sharpest change came in the year to June 2020, when income rose by 47%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Future School sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within AR. Charities of a similar size with the same main cause include University of Washington Alumni Association ($3.3m), Waldorf School Association of Michigan ($3.3m) and Georgia Leadership Institute for School Improvement Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $132k (3.8% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $1.5m against liabilities of $115k, net assets of $1.4m. It reported 54 employees.