Z&y Future Foundation

Analysis

Z&y Future Foundation is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Z&y Future Foundation reported income of $745k and spending of $38k, leaving 95% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.0m to $745k (-26%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 129%. Over the whole period it spent 8.8% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Z&y Future Foundation sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Opportunity Through Education Inc ($745k), CP Now ($745k) and Achievers Educational Center Inc ($745k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.