Futures In Education
Futures In Education consistently generates substantial revenue, maintains healthy assets, and reports no officer compensation.
EIN: 205496382 · Brooklyn, NY · NTEE: B12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.4M |
| Total Expenses | $7.4M |
| Program Spending | 90% |
| Net Assets | $10.9M |
| Transparency Score | 92/100 |
Is Futures In Education Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Futures In Education directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Futures In Education
Futures In Education (EIN: 205496382) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code B12. The organization reported total revenue of $10.4M and total assets of $12.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Futures In Education's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Futures In Education is a large nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.4M |
| Total Expenses | $7.4M |
| Surplus / Deficit | +$2.0M |
| Total Assets | $12.2M |
| Total Liabilities | $1.3M |
| Net Assets | $10.9M |
| Operating Margin | 21.4% |
| Debt-to-Asset Ratio | 10.3% |
| Months of Reserves | 19.7 months |
Financial Health Grade: A
In 2023, Futures In Education reported a surplus of $2.0M with revenue exceeding expenses, holds 19.7 months of operating reserves (strong position), has a debt-to-asset ratio of 10.3% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Futures In Education's revenue has grown at a compound annual growth rate (CAGR) of 19.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.0% | +-0.0% | +5.5% |
| 2022 | -6.2% | +0.9% | -1.3% |
| 2021 | +3.3% | -13.5% | +20.7% |
| 2020 | +501.1% | +114.4% | +18.2% |
| 2019 | -80.6% | -44.6% | -32.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Futures In Education with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Futures In Education allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.3%.
Executive Compensation Analysis
Futures In Education consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual and suggests a volunteer-led executive structure or that compensation is reported under other expense categories, though the former is more likely given the consistent reporting.
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 Futures In Education's IRS 990 filings:
- Unusually low or zero reported officer compensation could indicate compensation is hidden in other expense categories or that the organization is entirely volunteer-run at the executive level, which might raise questions about sustainability or professional management capacity if not clarified.
Strengths
The following positive indicators were identified for Futures In Education:
- Consistent revenue generation, with latest revenue at $10,415,256.
- Healthy and growing asset base, reaching $12,150,556 in 2023.
- Consistent reporting of 0% officer compensation, indicating high efficiency in directing funds to mission.
- Strong financial recovery and sustained growth after a dip in 2019.
- Long history of IRS 990 filings (14 periods), demonstrating transparency and accountability.
Frequently Asked Questions about Futures In Education
Is Futures In Education a legitimate charity?
Futures In Education (EIN: 205496382) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 14 years of IRS 990 filings on record. Total revenue: $10.4M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Futures In Education spend its money?
Futures In Education directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Futures In Education tax-deductible?
Futures In Education is registered as a tax-exempt nonprofit (EIN: 205496382). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Futures In Education's spending goes to programs?
Futures In Education directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Futures In Education compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Futures In Education is above average for NTEE category B12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Futures In Education located?
Futures In Education is headquartered in Brooklyn, New York and files with the IRS under EIN 205496382. It is classified under NTEE code B12.
How many years of IRS 990 filings does Futures In Education have?
Futures In Education has 14 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 $10.4M in total revenue.
Is Futures In Education a good charity?
Based on the provided financial data, Futures In Education appears to be a very good charity. They consistently generate significant revenue (e.g., $9,429,112 in 2023), maintain a healthy asset base ($12,150,556 in 2023), and notably report 0% officer compensation, suggesting a strong commitment to directing funds towards their mission.
How has Futures In Education's financial health changed over time?
Futures In Education has shown consistent financial growth and stability. After a dip in revenue in 2019 ($1,445,239), the organization rebounded strongly, with revenues consistently above $8 million since 2020 and assets steadily increasing from $8,175,365 in 2019 to $12,150,556 in 2023.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation in its IRS 990 filings, indicating that no salaries are paid to its officers. This suggests a highly volunteer-driven leadership or that executive roles are compensated through other means not categorized as 'officer compensation'.
Filing History
IRS 990 filing history for Futures In Education showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Futures In Education's revenue has grown by 781.1%, moving from $1.1M to $9.4M. Total assets increased by 108.4% over the same period, from $5.8M to $12.2M. Total functional expenses rose by 871.9%, from $762K to $7.4M. In its most recent filing year (2023), Futures In Education reported a surplus of $2.0M, with revenue exceeding expenses. The organization holds $1.3M in liabilities against $12.2M in assets (debt-to-asset ratio: 10.3%), resulting in net assets of $10.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.4M | $7.4M | $12.2M | $1.3M | — | — |
| 2022 | $8.4M | $7.4M | $11.5M | $2.6M | — | View 990 |
| 2021 | $9.0M | $7.3M | $11.7M | $2.2M | — | View 990 |
| 2020 | $8.7M | $8.5M | $9.7M | $2.4M | — | — |
| 2019 | $1.4M | $4.0M | $8.2M | $1.5M | — | View 990 |
| 2018 | $7.4M | $7.1M | $12.2M | $930K | — | View 990 |
| 2017 | $7.2M | $7.5M | $13.4M | $1.8M | — | View 990 |
| 2016 | $7.6M | $7.6M | $13.0M | $1.5M | — | View 990 |
| 2015 | $9.6M | $7.7M | $12.0M | $579K | — | View 990 |
| 2014 | $7.2M | $8.0M | $10.1M | $301K | — | View 990 |
| 2013 | $8.0M | $9.1M | $10.7M | $214K | — | View 990 |
| 2012 | $7.5M | $4.2M | $11.8M | $240K | — | View 990 |
| 2011 | $523K | $977K | $5.4M | $36K | — | View 990 |
| 2011 | $1.1M | $762K | $5.8M | $33K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.4M, expenses of $7.4M, and assets of $12.2M (revenue +12.0% year-over-year).
- 2022: Revenue of $8.4M, expenses of $7.4M, and assets of $11.5M (revenue -6.2% year-over-year).
- 2021: Revenue of $9.0M, expenses of $7.3M, and assets of $11.7M (revenue +3.3% year-over-year).
- 2020: Revenue of $8.7M, expenses of $8.5M, and assets of $9.7M (revenue +501.1% year-over-year).
- 2019: Revenue of $1.4M, expenses of $4.0M, and assets of $8.2M (revenue -80.6% year-over-year).
- 2018: Revenue of $7.4M, expenses of $7.1M, and assets of $12.2M (revenue +3.0% year-over-year).
- 2017: Revenue of $7.2M, expenses of $7.5M, and assets of $13.4M (revenue -4.6% year-over-year).
- 2016: Revenue of $7.6M, expenses of $7.6M, and assets of $13.0M (revenue -21.3% year-over-year).
- 2015: Revenue of $9.6M, expenses of $7.7M, and assets of $12.0M (revenue +34.4% year-over-year).
- 2014: Revenue of $7.2M, expenses of $8.0M, and assets of $10.1M (revenue -11.0% year-over-year).
- 2013: Revenue of $8.0M, expenses of $9.1M, and assets of $10.7M (revenue +7.8% year-over-year).
- 2012: Revenue of $7.5M, expenses of $4.2M, and assets of $11.8M (revenue +1327.5% year-over-year).
- 2011: Revenue of $523K, expenses of $977K, and assets of $5.4M (revenue -51.1% year-over-year).
- 2011: Revenue of $1.1M, expenses of $762K, and assets of $5.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Futures In Education:
Data Sources and Methodology
This transparency report for Futures In Education 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.