Futures Explored Inc

Analysis

Futures Explored Inc is a registered charity in United States, based in Concord, CA. It received its IRS tax-exemption ruling in February 1965, 61 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Futures Explored Inc reported income of $11.6m and spending of $10.1m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $11.8m to $11.6m (-1.1%), an average of -0.3% a year. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Futures Explored Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Schenectady Community Action Program Inc ($11.6m), Hope for All Gulf Coast ($11.6m) and Afya Foundation Inc ($11.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $253k (2.5% of expenses). Other salaries and wages came to $5.7m. At year end it held assets of $9.8m against liabilities of $6.2m, net assets of $3.7m. It reported 163 employees.