Employment
(J30)
IRS Verified
DX Registered
990 on File
FOUNDATION FOR AN INDEPENDENT TOMORROW
Financial strength (30%)
87/100
Reliability (20%)
55/100
Effectiveness (25%)
100/100
Impact (25%)
50/100
CharityAI™ Score
Not yet evaluated
Mission Statement
Foundation for an Independent Tomorrow (FIT) provides job training, coaching and support based on job seekers' individuals needs and the skills employers tell us they are looking for. FIT graduates get jobs, and employers get great results.
Financial Overview — FY 2023
$4.6M
Total Revenue
$4.4M
Total Expenses
$6.6M
Net Assets
51
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
94.5%
Fundraising Efficiency
7.0%
Operating Reserve
18.10x
Liability-to-Asset
6.9%
Revenue Diversification
85.0%
Compared with Peers
FY 2023
Compared with 1,161 similar organizations
(United States, Employment, $1M–$10M in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
94.5% | 84.8% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
5.0% | 13.3% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.5% | 0.0% |
P10P90
|
Below median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
7.0% | 119.7% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
18.1 mo | 9.3 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
6.9% | 16.9% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
85.0% | 92.8% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
16.5% | 7.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
7.5% | 8.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
5.1% | 2.9% |
P10P90
|
Impact
1 program| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| Clients become self sufficient making a living wage to take care of their families | 516 | $10,000.00 | 516 | Per Year |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $4.6M | $4.4M | $6.6M | 94.5% | 51 |
| 2022 | $4.0M | $4.1M | $6.4M | 95.7% | 63 |
| 2021 | $6.0M | $3.2M | N/A | — | 46 |
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