Future Farmers of America and Its State Association & Local Chapter

Analysis

Future Farmers of America and Its State Association & Local Chapter is a registered charity in United States, based in Winnemucca, NV. 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).

In the financial year ending December 2023, Future Farmers of America and Its State Association & Local Chapter reported income of $55k and spending of $15k, leaving 72% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $56k to $55k (-2.2%), an average of -2.2% a year. Over the whole period it spent 37% 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 and Its State Association & Local Chapter sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 24th percentile within NV. Charities of a similar size with the same main cause include Illinois Congress of Parents Teachers ($55k), South Carolina Congress of Parents and Teachers ($55k) and Barrington Boosters Club Inc ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 14% of the total. At year end it held assets of $194k against liabilities of $0, net assets of $194k.