Future Farmers of America

Analysis

Future Farmers of America is a registered charity in United States, based in Columbus, OH. 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 reported income of $1.3m and spending of $1.2m, spending 96% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.1m to $1.3m (+17%), an average of +4.0% a year. The sharpest change came in the year to August 2022, when income rose by 41%. Over the whole period it spent 100% 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 sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within OH. Charities of a similar size with the same main cause include The Upper Room a Family Resource Center ($1.3m), Saline Area Social Services Inc ($1.3m) and Assisi Village Inc ($1.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 44% and program service revenue 53% of the total. Other salaries and wages came to $101k. At year end it held assets of $901k against liabilities of $17k, net assets of $884k.