Family Futures

Analysis

Family Futures is a registered charity in United States, based in Washington, VA. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Family Futures reported income of $116k and spending of $140k, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $157k to $116k (-26%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Family Futures sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within VA. Charities of a similar size with the same main cause include Roatan Horizons Inc ($116k), Cole Canyon Elementary Parent Teacher Club ($116k) and Charger Aquatics Booster Club Inc ($116k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $282k against liabilities of $104k, net assets of $178k.