Future Generations

Analysis

Future Generations is a registered charity in United States, based in Franklin, WV. It received its IRS tax-exemption ruling in June 1993, 33 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 Generations reported income of $121k and spending of $111k, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $67k to $121k (+80%), an average of +16% a year. The sharpest change came in the year to June 2020, when income rose by 126%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Future Generations sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 39th percentile within WV. Charities of a similar size with the same main cause include Ellington Community Scholarship Association Inc ($121k), Wisconsin Marine Historical Society Inc ($121k) and Little League Baseball Inc ($121k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $903k against liabilities of $811k, net assets of $92k.