Futures Fundamentals NFP

Analysis

Futures Fundamentals NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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, Futures Fundamentals NFP reported income of $250k and spending of $293k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $815k to $250k (-69%), an average of -26% a year. The sharpest change came in the year to December 2020, when income dropped by 68%. Over the whole period it spent 33% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Futures Fundamentals NFP sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within IL. Charities of a similar size with the same main cause include Golisano Skilled Trades Training Center Inc ($250k), Select Cobb Inc ($250k) and Houston Junior Womans Club ($250k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.3m against liabilities of $9,507, net assets of $1.3m.