Future Farmers of America

Analysis

Future Farmers of America is a registered charity in United States, based in Galt, CA. 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 December 2023, Future Farmers of America reported income of $51k and spending of $56k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $40k to $51k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2022, when income rose by 825%. Over the whole period it spent 78% 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 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within CA. Charities of a similar size with the same main cause include Telesis Housing Corporation ($51k), Wakefield Senior Citizens Inc ($51k) and Pride of Ontario County Blue Star Mothers Inc ($51k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% of the total. At year end it held assets of $43k against liabilities of $0, net assets of $43k.