Future Farmers of America State Associations & Local Chapter

Analysis

Future Farmers of America State Associations & Local Chapter is a registered charity in United States, based in Waupun, WI. 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 December 2023, Future Farmers of America State Associations & Local Chapter reported income of $153k and spending of $108k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $150k to $153k (+2.2%), an average of +0.5% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 84% 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 State Associations & Local Chapter sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 47th percentile within WI. Charities of a similar size with the same main cause include Boy Scouts of America ($153k), Blue Ladies Minerals Inc ($153k) and Routt County 4-H Scholarship FNDTN ($153k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 27% of the total. Other salaries and wages came to $24k. At year end it held assets of $466k against liabilities of $0, net assets of $466k. It reported 1 employees.