Raise the Future

Analysis

Raise the Future is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in September 1979, 47 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, Raise the Future reported income of $9.7m and spending of $9.7m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $7.1m to $9.7m (+37%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Raise the Future sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CO. Charities of a similar size with the same main cause include Ten Thousand Villages ($9.7m), Life Senior Services Inc ($9.7m) and Community and Senior Services of Johnston County Inc ($9.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $359k (3.7% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $5.7m against liabilities of $1.9m, net assets of $3.8m. It reported 120 employees.