Taking Back the Future

Analysis

Taking Back the Future is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Taking Back the Future reported income of $61k and spending of $76k, spending 126% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $188k to $61k (-68%), an average of -43% a year. The sharpest change came in the year to December 2022, when income dropped by 57%. Over the whole period it spent 100% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Taking Back the Future sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within TN. Charities of a similar size with the same main cause include Huong Dao Foundation ($61k), South Texas Agricultural Roundup ($61k) and Brady Youth Sports Foundation Inc ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 68% of the total. At year end it held assets of $6,041 against liabilities of $267, net assets of $5,774.