Furality Inc

Analysis

Furality Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Furality Inc reported income of $739k and spending of $768k, spending 104% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $311k to $739k (+137%), an average of +54% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Furality Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include Schnormeier Gardens Foundation ($739k), Paris Gibson Square Incorporated ($739k) and Sloss Furnaces Foundation Inc ($738k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $65k (8.4% of expenses). At year end it held assets of $3,371 against liabilities of $25k, net assets of -$21k.