Futuro Health

Analysis

Futuro Health is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Futuro Health reported income of $18.4m and spending of $16.6m, spending 90% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $123.7m to $18.4m (-85%), an average of -47% a year. The sharpest change came in the year to December 2022, when income rose by 1157%. Over the whole period it spent 37% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Futuro Health sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Sarasota Memorial Healthcare Foundation ($18.4m), Project Vida Health Center ($18.4m) and Eastern Iowa Health Center ($18.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $709k (4.3% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $109.0m against liabilities of $3.5m, net assets of $105.6m. It reported 61 employees.