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 Seguin, TX. It received its IRS tax-exemption ruling in July 2016, 10 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 $119k and spending of $130k, spending 110% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income grew from $102k to $119k (+17%), an average of +17% a year. The sharpest change came in the year to August 2023, when income rose by 17%. 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 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 44th percentile within TX. Charities of a similar size with the same main cause include PTA North Carolina Congress ($119k), Friends of Casa ($119k) and Novato Historical Guild ($119k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 17% of the total. At year end it held assets of $84k against liabilities of $0, net assets of $84k.