Edu Futuro

Analysis

Edu Futuro is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in February 2000, 26 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, Edu Futuro reported income of $3.6m and spending of $3.5m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $3.6m (+261%), an average of +38% a year. The sharpest change came in the year to June 2021, when income rose by 56%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Edu Futuro sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include Steam Academy of Cleveland ($3.6m), Hood Theological Seminary ($3.6m) and Central Cleveland Drop Back in ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $147k (4.2% of expenses). Other salaries and wages came to $1.6m. It paid $88k in professional fundraising fees. At year end it held assets of $1.4m against liabilities of $656k, net assets of $696k. It reported 97 employees.