Future Proof Institute Inc

Analysis

Future Proof Institute Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in November 2020, 6 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, Future Proof Institute Inc reported income of $111k and spending of $131k, spending 118% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $450k to $111k (-75%), an average of -50% a year. The sharpest change came in the year to December 2022, when income dropped by 73%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Future Proof Institute Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 43rd percentile within FL. Charities of a similar size with the same main cause include Old Mission Peninsula Education Foundation ($111k), Parent Booster USA Inc ($111k) and Charyl Stockwell Academy Parent Council ($111k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $13k (10% of expenses). Other salaries and wages came to $55k. At year end it held assets of $14k against liabilities of $159, net assets of $14k. It reported 3 employees.