Future Farmers of America

Analysis

Future Farmers of America is a registered charity in United States, based in Trenton, NJ. 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 reported income of $182k and spending of $183k, spending 101% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $179k to $182k (+1.6%), an average of +1.6% a year. Over the whole period it spent 102% 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 sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 59th percentile within NJ. Charities of a similar size with the same main cause include Little League Baseball Inc ($182k), Providence Nursery School ($182k) and County Assemblies Inc ($182k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 67% of the total. At year end it held assets of $50k against liabilities of $0, net assets of $50k.