Future Farmers of America

Analysis

Future Farmers of America is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in January 1945, 81 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 June 2023, Future Farmers of America reported income of $682k and spending of $640k, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $460k to $682k (+48%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 84%. Over the whole period it spent 98% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Future Farmers of America sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within IN. Charities of a similar size with the same main cause include Boys & Girls Club of Franklin- Simpson Inc ($682k), Gardens Sports Ltd ($682k) and Glastonbury Hartwell Soccer Club Inc ($681k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. At year end it held assets of $260k against liabilities of $532, net assets of $260k.