El Futuro

Analysis

El Futuro is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2023, El Futuro reported income of $4.6m and spending of $5.2m, spending 112% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.2m to $4.6m (+8.6%), an average of +2.8% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, El Futuro sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Meriter Health Services Inc ($4.6m), Illinois Critical Access Hospital Network ($4.6m) and Garvin County Community Living Center Inc ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $403k (7.8% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $5.8m against liabilities of $1.8m, net assets of $4.0m. It reported 67 employees.