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 New Haven, CT. 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 June 2024, Future Farmers of America and Its State Associations & Local Chapter reported income of $156k and spending of $145k, spending 93% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $130k to $156k (+20%), an average of +20% a year. The sharpest change came in the year to June 2024, when income rose by 20%. Over the whole period it spent 89% 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 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 45th percentile within CT. Charities of a similar size with the same main cause include Illinois Congress of Parents Teachers ($156k), Emerald Housing Inc ($156k) and Indiana Chapter American Concrete Institute ($156k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 14% and program service revenue 18% of the total. At year end it held assets of $148k against liabilities of $12k, net assets of $136k.