Futura Age Foundation

Analysis

Futura Age Foundation is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in June 1987, 39 years ago. 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, Futura Age Foundation reported income of $982k and spending of $1.1m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $637k to $982k (+54%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 108%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Futura Age Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within WA. Charities of a similar size with the same main cause include North Suburbs Access Corporation ($982k), Montessori at Roseborough Inc ($982k) and Midland Soccer Club ($981k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% of the total. Other salaries and wages came to $91k. At year end it held assets of $7.0m against liabilities of $0, net assets of $7.0m.