Tradesfutures

Analysis

Tradesfutures is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 2022, 4 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, Tradesfutures reported income of $2.7m and spending of $1.9m, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $2.1m to $2.7m (+27%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 50% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tradesfutures sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 71st percentile within DC. Charities of a similar size with the same main cause include Advance Memphis ($2.7m), Deerfield Montessori School ($2.7m) and Paideia Academy ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $154k (7.9% of expenses). Other salaries and wages came to $158k. At year end it held assets of $2.9m against liabilities of $463k, net assets of $2.4m.