Future Farmers of America

Analysis

Future Farmers of America is a registered charity in United States, based in Harrisburg, PA. 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 May 2024, Future Farmers of America reported income of $1.0m and spending of $984k, spending 98% of its income. Across the 6 years on record, from May 2019 to May 2024, income grew from $709k to $1.0m (+41%), an average of +7.2% a year. The sharpest change came in the year to May 2022, when income rose by 140%. 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 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within PA. Charities of a similar size with the same main cause include Fairville Friends School Inc ($1.0m), Boys & Girls Club of the Redwoods ($1.0m) and Evelyns Park Conservancy ($1.0m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 35% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $116k (12% of expenses). At year end it held assets of $95k against liabilities of $2,986, net assets of $92k. It reported 1 employees.