Future of Health Inc

Analysis

Future of Health Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 2023, 3 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 of Health Inc reported income of $655k and spending of $471k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $300k to $655k (+118%), an average of +118% a year. The sharpest change came in the year to December 2023, when income rose by 118%. Over the whole period it spent 69% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Future of Health Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 48th percentile within DC. Charities of a similar size with the same main cause include Emmaus Community of Pittsburgh Foundation ($655k), Boarding for Breast Cancer ($655k) and Natalies Sisters Inc ($655k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.6% and program service revenue 92% of the total. At year end it held assets of $292k against liabilities of $0, net assets of $292k.