Guardians for New Futures Inc

Analysis

Guardians for New Futures Inc is a registered charity in United States, based in Port St Lucie, FL. It received its IRS tax-exemption ruling in September 1991, 35 years ago. 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 December 2022, Guardians for New Futures Inc reported income of $1.6m and spending of $771k, leaving 51% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $997k to $1.6m (+57%), an average of +57% a year. The sharpest change came in the year to December 2022, when income rose by 57%. Over the whole period it spent 41% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Guardians for New Futures Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Catholic Charities of Ashtabula County ($1.6m), Gratitude America Inc ($1.6m) and Saint Vincent Depaul Cabrini Conference ($1.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $234k. At year end it held assets of $4.7m against liabilities of $3.1m, net assets of $1.6m. It reported 4 employees.