Beginning Futures 2

Analysis

Beginning Futures 2 is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Beginning Futures 2 reported income of $1.2m and spending of $1.3m, spending 113% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income grew from $30k to $1.2m (+3784%), an average of +523% a year. The sharpest change came in the year to December 2022, when income rose by 753%. Over the whole period it spent 131% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Beginning Futures 2 sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within MO. Charities of a similar size with the same main cause include Livelihood NW ($1.2m), Community Resources Staten Island Inc ($1.2m) and Citizen Science Lab ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Other salaries and wages came to $537k. At year end it held assets of $82k against liabilities of $434k, net assets of -$353k. It reported 22 employees.