Future of Life Foundation
Future of Life Foundation reported $711,130 in revenue and $561,595 in expenses for calendar year 2023. Of every $100 it spent, $49.54 went to program services, $50.46 to management and general costs and $0.00 to fundraising. Its largest source of revenue was investment income: 85.2% of the total. The highest compensation it reported for one person was $493,589 (PRESIDENT/SECRETARY). 1 person received more than $100,000 in reportable compensation. Source: Form 990, 2023.
Where $100 of spending went
Calendar year 2023 · Form 990, Part IX, line 25 · total expenses $562KFor context, the median across 192 covered science & technology charities: $84.33 programs, $15.67 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2023 · Form 990, Part VIII · total revenue $711KThe 990 scorecard · same measures for every charity, no grades
| Measure | 2023 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 49.5% | 83.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 50.5% | 15.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 14.1% | 51.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 3.2% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 19.2% |
| Highest reported compensation Part VII-A, columns D–F | $493,589 | $513,729 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 87.89% | 1.72% |
| People paid over $100,000 Part VII, line 2 | 1 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 564.9 | 14.7 |
| Independent voting board members Part VI 1a–1b | 1 of 4 | 94.3% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2023 · Form 990, Part III · the three largest programs by expenseHighest reported compensation
2023 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT/SECRETARY Director/trustee, officer, 4.00 hrs/week | $46,669 | $420,017 | $26,903 | $493,589 |
| DIRECTOR Director/trustee, 20.00 hrs/week | $204,877 | $204,878 | $0 | $409,755 |
| CHIEF OPERATING OFFICER Officer, 40.00 hrs/week | $64,615 | $0 | $5,977 | $70,592 |
| TREASURER Director/trustee, officer, 0.50 hrs/week | $0 | $27,077 | $0 | $27,077 |
1 people received more than $100,000 in reportable compensation from Future of Life Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $374K (Part IX, line 5).
2 filings since FY2022 (10 mo.)
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked| Filing | Revenue | Expenses | Programs | Net assets | Top pay |
|---|---|---|---|---|---|
| 2023 ⓘ | $711K | $562K | 49.5% | $26M | $493,589 |
| FY2022 (10 mo.) ⓘ | $25M | $0 | — | $25M | — |
Governance answers, as filed
2023 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b4 · 1 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
- Volunteers Part I, line 61
Largest outside contractors
2023 · Form 990, Part VII, Section B · businesses only| INCISIVE INSIGHTS LLC Consulting service | $409,755 |
Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Future of Life Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Future of Life Foundation, you can publish a response that is linked from this page.
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Of every $100 Future of Life Foundation spent in 2023, $49.54 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- National Institute of Aerospace AssociatesHampton, VA · revenue $7.6M · programs 75.6% · FY2025
- Portland VA Research FoundationPortland, OR · revenue $8.5M · programs 83.4% · 2025
- Great Lakes Museum of Science Environment and TechnologyCleveland, OH · revenue $9.5M · programs 80.5% · FY2025
- Empire Ai ConsortiumNew York, NY · revenue $10M · programs 51.6% · FY2025
- Harbor Branch Oceanographic Institute FoundationVero Beach, FL · revenue $10M · programs 90.3% · FY2025
All science & technology charities · Largest charities in California
Questions people ask
How much of Future of Life Foundation's spending goes to programs?
In calendar year 2023, Future of Life Foundation reported that 49.5% of its $561,595 in expenses went to program services, 50.5% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Future of Life Foundation pay its top executive?
The largest total compensation Future of Life Foundation reported for one person in calendar year 2023 was $493,589, for the role of PRESIDENT/SECRETARY (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Future of Life Foundation get its money?
Of $711,130 in revenue in calendar year 2023, 14.1% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Future of Life Foundation a registered charity?
The IRS lists EIN 88-0926067 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2022, 2023. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2023: Form 990 for calendar year 2023, object 202621349349313192 · read the filing
- FY2022 (10 mo.): Form 990 for the 10-month short period ending December 31, 2022, object 202333219349300928 · read the filing
All filings for EIN 88-0926067: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.