Futures Unlimited Inc

Analysis

Futures Unlimited Inc is a registered charity in United States, based in Wellington, KS. It received its IRS tax-exemption ruling in October 1979, 47 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 June 2023, Futures Unlimited Inc reported income of $6.2m and spending of $6.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.0m to $6.2m (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Futures Unlimited Inc 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 93rd percentile, and in the 93rd percentile within KS. Charities of a similar size with the same main cause include The Broad Street Clinic Foundation ($6.2m), Elk Grove Food Bank Services ($6.2m) and Northwest Youth Service ($6.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $466k (7.5% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $6.0m against liabilities of $515k, net assets of $5.5m. It reported 173 employees.