Future Farmers of America and Its State Associations & Local Chapter

Analysis

Future Farmers of America and Its State Associations & Local Chapter is a registered charity in United States, based in Dighton, MA. It received its IRS tax-exemption ruling in January 1945, 81 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Future Farmers of America and Its State Associations & Local Chapter reported income of $197k and spending of $170k, spending 86% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $185k to $197k (+6.9%), an average of +1.7% a year. The sharpest change came in the year to August 2022, when income rose by 60%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Future Farmers of America and Its State Associations & Local Chapter sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 57th percentile within MA. Charities of a similar size with the same main cause include Siervas de Cristo Resucitado Inc ($197k), American Indian Missions Inc Southwest Region ($197k) and Arm of the Sea Productions Inc ($197k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $69k (40% of expenses). At year end it held assets of $177k against liabilities of $0, net assets of $177k.