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 Perrin, 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 August 2023, Future Farmers of America and Its State Associations & Local Chapter reported income of $216k and spending of $323k, spending 149% of what it took in. Across the 3 years on record, from August 2021 to August 2023, income grew from $164k to $216k (+32%), an average of +15% a year. The sharpest change came in the year to August 2023, when income rose by 48%. Over the whole period it spent 113% 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 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include South County History Center ($216k), The Chamber Music Society of Fort Worth Incorporated ($216k) and Little League Baseball Inc ($216k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 43% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $19k (5.8% of expenses). At year end it held assets of $11k against liabilities of $0, net assets of $11k.