Futures Through Training Inc

Analysis

Futures Through Training Inc is a registered charity in United States, based in Ogden, UT. It received its IRS tax-exemption ruling in June 1986, 40 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2024, Futures Through Training Inc reported income of $1.4m and spending of $1.4m, spending 100% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $842k to $1.4m (+71%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Futures Through Training Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within UT. Charities of a similar size with the same main cause include H Street Main Street Inc ($1.4m), Plumbers and Pipefitters Local Union No 630 Joint Apprentice and ($1.4m) and Nebraska Housing Developers Association ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $33k (2.3% of expenses). Other salaries and wages came to $662k. At year end it held assets of $329k against liabilities of $160k, net assets of $169k. It reported 28 employees.