Washington State Association of Future Farmers of America

Analysis

Washington State Association of Future Farmers of America is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Washington State Association of Future Farmers of America reported income of $776k and spending of $742k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $833k to $776k (-6.9%), an average of -1.8% a year. The sharpest change came in the year to December 2021, when income rose by 227%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Washington State Association of 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 76th percentile, and in the 76th percentile within WA. Charities of a similar size with the same main cause include Womans Club ($775k), Labc Institute ($776k) and Gracealaska ($775k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $165k (22% of expenses). At year end it held assets of $889k against liabilities of $0, net assets of $889k. It reported 3 employees.