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 Phoenix, AZ. It received its IRS tax-exemption ruling in February 1953, 73 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2023, Future Farmers of America and Its State Associations & Local Chapter reported income of $966k and spending of $1.1m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.0m to $966k (-7.1%), an average of -1.8% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 92% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Future Farmers of America and Its State Associations & Local Chapter sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 76th percentile within AZ. Charities of a similar size with the same main cause include Burnet County Ffa & 4h Livestock Show Association ($965k), Sierra Service Project ($968k) and Project Fighting Chance ($965k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $58k (5.2% of expenses). At year end it held assets of $1.3m against liabilities of $81k, net assets of $1.3m. It reported 4 employees.