Future Farmers of America

Analysis

Future Farmers of America is a registered charity in United States, based in Houston, 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).

In the financial year ending August 2022, Future Farmers of America reported income of $516k and spending of $539k, spending 104% of its income. Across the 4 years on record, from August 2019 to August 2022, income fell from $561k to $516k (-7.9%), an average of -2.7% a year. The sharpest change came in the year to August 2022, when income rose by 37%. 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 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Carroll Sav-A-Life Center Inc ($516k), Citywide Youth Coalition Inc ($516k) and Mora Area Youth Recreation Association Incorporated ($516k).

On its Form 990 for the period ending August 2022, revenue came from contributions and grants 7.1% and program service revenue 92% of the total. At year end it held assets of $116k against liabilities of $5,121, net assets of $111k.