Institute for the Future

Analysis

Institute for the Future is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Institute for the Future reported income of $9.5m and spending of $11.4m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $13.4m to $9.5m (-29%), an average of -8.3% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Institute for the Future sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Educator Academy Inc ($9.5m), Veritas Academy ($9.5m) and Wilson Hall ($9.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.9m (17% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $5.2m against liabilities of $3.2m, net assets of $2.1m. It reported 40 employees.