Futurenomic Resources

Analysis

Futurenomic Resources is a registered charity in United States, based in Palm Desert, CA. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending February 2024, Futurenomic Resources reported income of $102k and spending of $86k, spending 84% of its income. Across the 2 years on record, from February 2023 to February 2024, income fell from $173k to $102k (-41%), an average of -41% a year. The sharpest change came in the year to February 2024, when income dropped by 41%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Futurenomic Resources sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 40th percentile within CA. Charities of a similar size with the same main cause include Creative Downtown Appleton Inc ($102k), Westchester Collaborative Theater ($102k) and Spirit of the Fourth Inc ($102k).

On its Form 990-EZ for the period ending February 2024, revenue came from contributions and grants 95% of the total. At year end it held assets of $91k against liabilities of $0, net assets of $91k.