Future Plans Inc

Analysis

Future Plans Inc is a registered charity in United States, based in Newbury, OH. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Future Plans Inc reported income of $3.7m and spending of $3.4m, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $5.6m to $3.7m (-35%), an average of -35% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 64% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Future Plans Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within OH. Charities of a similar size with the same main cause include Bridge Builders Community Foundation ($3.7m), San Jacinto Community College Foundation Pasadena Texas ($3.7m) and Indiana Philanthropy Alliance Inc ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $384k (11% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $6.6m against liabilities of $3.3m, net assets of $3.4m. It reported 27 employees.