Montlake Futures Fund

Analysis

Montlake Futures Fund is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in November 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 June 2023, Montlake Futures Fund reported income of $4.9m and spending of $3.5m, leaving 28% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $2.0m to $4.9m (+142%), an average of +142% a year. The sharpest change came in the year to June 2023, when income rose by 142%. Over the whole period it spent 55% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Montlake Futures Fund sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within WA. Charities of a similar size with the same main cause include Creative Commons Corporation ($4.9m), Royal School System ($4.9m) and New Jersey Civic Information Consortium ($4.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $329k (9.4% of expenses). Other salaries and wages came to $62k. At year end it held assets of $3.1m against liabilities of $4,320, net assets of $3.1m. It reported 3 employees.