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 Canton, TX. 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 and Its State Associations & Local Chapter reported income of $100k and spending of $89k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $89k to $100k (+13%), an average of +13% a year. Over the whole period it spent 85% 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 Associations & Local Chapter sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 39th percentile within TX. Charities of a similar size with the same main cause include Bedford Township Veterans Committee ($100k), Helping Hands Network ($100k) and PTA Missouri Congress ($100k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 62% of the total. At year end it held assets of $162k against liabilities of $0, net assets of $162k.