Future Builders Inc

Analysis

Future Builders Inc is a registered charity in United States, based in Wrightsville, AR. It received its IRS tax-exemption ruling in January 1990, 36 years ago. 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, Future Builders Inc reported income of $1.1m and spending of $1.1m, spending 106% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $289k to $1.1m (+263%), an average of +54% a year. The sharpest change came in the year to December 2023, when income rose by 206%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Future Builders Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within AR. Charities of a similar size with the same main cause include De Benneville Pines Incorporated ($1.0m), Alton Memorial Health Services Foundation ($1.1m) and BMC Affiliated Physicians Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $126k (11% of expenses). Other salaries and wages came to $414k. At year end it held assets of $256k against liabilities of $78k, net assets of $177k. It reported 17 employees.