Illinois Foundation Future Farmers of America Inc

Analysis

Illinois Foundation Future Farmers of America Inc is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in October 1949, 77 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, Illinois Foundation Future Farmers of America Inc reported income of $1.2m and spending of $864k, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $672k to $1.2m (+73%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 82%. Over the whole period it spent 75% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Illinois Foundation Future Farmers of America Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include Downtown Ministries Inc ($1.2m), Providence Youth Student Movement ($1.2m) and Live Oak County Fair Association ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $2.8m against liabilities of $0, net assets of $2.8m.