Futures Inc

Analysis

Futures Inc is a registered charity in United States, based in Daytona Beach, FL. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Futures Inc reported income of $1.4m and spending of $1.2m, spending 86% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $899k to $1.4m (+53%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 55%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Futures Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Hbcu Green Fund ($1.4m), Encompass Academy ($1.4m) and Faces of America ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $2.8m against liabilities of $126k, net assets of $2.7m. It reported 6 employees.