Ownership Is the Future Inc

Analysis

Ownership Is the Future Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 December 2023, Ownership Is the Future Inc reported income of $122k and spending of $64k, leaving 47% of income unspent that year. Over the whole period it spent 53% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Ownership Is the Future Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 22nd percentile within DC. Charities of a similar size with the same main cause include Double Angel Inc ($122k), Fostering Hope in Michigan ($122k) and Youth Impact Mentoring ($122k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $58k against liabilities of $0, net assets of $58k.