Fortunate Futures
Fortunate Futures maintains consistent revenue and growing assets with no reported officer compensation.
EIN: 204842981 · Milwaukee, WI · NTEE: B60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $1.3M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $310K |
| Transparency Score | 85/100 |
Is Fortunate Futures Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fortunate Futures directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fortunate Futures
Fortunate Futures (EIN: 204842981) is a nonprofit organization based in Milwaukee, WI, classified under NTEE code B60. The organization reported total revenue of $1.3M and total assets of $321K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fortunate Futures's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fortunate Futures is a mid-size nonprofit that has been operating for 11 years, with 5 years of IRS 990 filings on record (2017–2021). Revenue has grown at a compound annual rate of 47.0%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$54K |
| Total Assets | $321K |
| Total Liabilities | $11K |
| Net Assets | $310K |
| Operating Margin | 4.1% |
| Debt-to-Asset Ratio | 3.4% |
| Months of Reserves | 3.0 months |
Financial Health Grade: A
In 2021, Fortunate Futures reported a surplus of $54K with revenue exceeding expenses, holds 3.0 months of operating reserves (adequate), has a debt-to-asset ratio of 3.4% (very low leverage).
Financial Trends
Over 5 years of filings (2017–2021), Fortunate Futures's revenue has grown at a compound annual growth rate (CAGR) of 47.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -5.7% | +15.5% | -8.9% |
| 2020 | -6.4% | -25.3% | +626.0% |
| 2019 | +78.0% | +75.7% | +186.6% |
| 2018 | +196.9% | +205.2% | +49.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Fortunate Futures with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Fortunate Futures allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $54K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.4%.
Executive Compensation Analysis
Fortunate Futures reports 0% officer compensation across all five available IRS 990 filings, which is highly unusual for an organization with over $1 million in annual revenue. This suggests either a fully volunteer-led executive team or that compensation is reported under different categories, which would require further investigation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Fortunate Futures's IRS 990 filings:
- No reported officer compensation despite over $1M in annual revenue, which is atypical and warrants further inquiry into executive support structure.
Strengths
The following positive indicators were identified for Fortunate Futures:
- Consistent revenue generation, exceeding $1 million in the last three reported periods.
- Significant growth in net assets from $11,297 in 2017 to $320,856 in 2021.
- Low liabilities, indicating strong financial stability and minimal debt.
- Consistent filing of IRS Form 990s, demonstrating transparency and compliance.
- Positive net income in most years, showing effective management of expenses relative to revenue.
Frequently Asked Questions about Fortunate Futures
Is Fortunate Futures a legitimate charity?
Based on AI analysis of IRS 990 filings, Fortunate Futures (EIN: 204842981) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does Fortunate Futures spend its money?
Fortunate Futures directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fortunate Futures tax-deductible?
Fortunate Futures is registered as a tax-exempt nonprofit (EIN: 204842981). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Fortunate Futures CEO make?
Fortunate Futures's highest-compensated officer earns $1 annually. The organization reported $1.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Fortunate Futures's spending goes to programs?
Fortunate Futures directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Fortunate Futures compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Fortunate Futures is above average for NTEE category B60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Fortunate Futures located?
Fortunate Futures is headquartered in Milwaukee, Wisconsin and files with the IRS under EIN 204842981. It is classified under NTEE code B60.
How many years of IRS 990 filings does Fortunate Futures have?
Fortunate Futures has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.3M in total revenue.
Is Fortunate Futures a good charity?
Based on the provided data, Fortunate Futures appears to be a financially stable organization with consistent revenue, growing assets, and a history of positive net income. The absence of reported officer compensation is a unique characteristic that could be viewed positively for resource allocation to programs, assuming executive functions are adequately supported.
How has Fortunate Futures' revenue trended over the past five years?
Fortunate Futures' revenue has shown growth from $283,306 in 2017 to a peak of $1,497,293 in 2019, then slightly declined to $1,321,462 in 2021, indicating a period of significant expansion followed by stabilization.
What is the organization's asset growth like?
The organization has demonstrated strong asset growth, increasing from $11,297 in 2017 to $320,856 in 2021, indicating effective financial management and accumulation of reserves.
Filing History
IRS 990 filing history for Fortunate Futures showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2017–2021), Fortunate Futures's revenue has grown by 366.4%, moving from $283K to $1.3M. Total assets increased by 2740.2% over the same period, from $11K to $321K. Total functional expenses rose by 362.4%, from $274K to $1.3M. In its most recent filing year (2021), Fortunate Futures reported a surplus of $54K, with revenue exceeding expenses. The organization holds $11K in liabilities against $321K in assets (debt-to-asset ratio: 3.4%), resulting in net assets of $310K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $1.3M | $1.3M | $321K | $11K | — | — |
| 2020 | $1.4M | $1.1M | $352K | $3K | — | — |
| 2019 | $1.5M | $1.5M | $49K | $3K | — | View 990 |
| 2018 | $841K | $836K | $17K | $0 | — | View 990 |
| 2017 | $283K | $274K | $11K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $1.3M, expenses of $1.3M, and assets of $321K (revenue -5.7% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.1M, and assets of $352K (revenue -6.4% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.5M, and assets of $49K (revenue +78.0% year-over-year).
- 2018: Revenue of $841K, expenses of $836K, and assets of $17K (revenue +196.9% year-over-year).
- 2017: Revenue of $283K, expenses of $274K, and assets of $11K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fortunate Futures:
Data Sources and Methodology
This transparency report for Fortunate Futures is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.