Future Farmers of America

Analysis

Future Farmers of America is a registered charity in United States, based in Logan, UT. It received its IRS tax-exemption ruling in July 2014, 12 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Future Farmers of America reported income of $420k and spending of $435k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $153k to $420k (+174%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 69%. Over the whole period it spent 96% 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 sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within UT. Charities of a similar size with the same main cause include Mentor North ($419k), Movement of Youth Incorporated ($420k) and Maine Youth Alliance ($419k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. At year end it held assets of $71k against liabilities of $46k, net assets of $24k.