Carving the Future

Analysis

Carving the Future is a registered charity in United States, based in Jackson, WY. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Carving the Future reported income of $114k and spending of $163k, spending 143% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $181k to $114k (-37%), an average of -37% a year. The sharpest change came in the year to December 2023, when income dropped by 37%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Carving the Future sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 37th percentile within WY. Charities of a similar size with the same main cause include Group of 100 Inc ($114k), Sports Klubben Fram Soccer Inc ($114k) and New Albany Youth Football and Cheerleading League ($114k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $65k against liabilities of $1,134, net assets of $63k.