Fathers Building Futures

Analysis

Fathers Building Futures is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Fathers Building Futures reported income of $211k and spending of $451k, spending 214% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $394k to $211k (-46%), an average of -14% a year. The sharpest change came in the year to June 2020, when income dropped by 32%. Over the whole period it spent 148% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fathers Building Futures sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NM. Charities of a similar size with the same main cause include Good Shepherd Lutheran Center ($211k), Indian Mobile Mission Inc ($211k) and Designed Future ($211k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% of the total. Other salaries and wages came to $257k. At year end it held assets of $165k against liabilities of $680k, net assets of -$516k. It reported 17 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.