Unlimited Future Incorporated

Analysis

Unlimited Future Incorporated is a registered charity in United States, based in Huntington, WV. It received its IRS tax-exemption ruling in August 1992, 34 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 December 2023, Unlimited Future Incorporated reported income of $519k and spending of $521k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $114k to $519k (+355%), an average of +46% a year. The sharpest change came in the year to December 2022, when income rose by 65%. Over the whole period it spent 111% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Unlimited Future Incorporated sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within WV. Charities of a similar size with the same main cause include Downing Street Foundation ($519k), Center for Entrepreneurial Jewish Philanthropy ($520k) and Greener Pastures Foundation ($519k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.1% of the total. Compensation of current officers, directors and key employees was $63k (12% of expenses). Other salaries and wages came to $147k. At year end it held assets of $480k against liabilities of $180k, net assets of $300k. It reported 24 employees.