Friends of the Future

Analysis

Friends of the Future is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in June 1993, 33 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 June 2023, Friends of the Future reported income of $4.8m and spending of $4.4m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $4.8m (+71%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 67%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Future sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within HI. Charities of a similar size with the same main cause include East Texas A&m University Foundation ($4.8m), Chugach Regional Resources ($4.8m) and Bronx Veterans Medical Research Foundation Inc ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $252k (5.7% of expenses). Other salaries and wages came to $453k. At year end it held assets of $1.7m against liabilities of $603k, net assets of $1.1m. It reported 13 employees.