Future Farmers of America

Analysis

Future Farmers of America is a registered charity in United States, based in Springfield, IL. 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 $1.4m and spending of $1.4m, spending 98% of its income. Across the 3 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.4m (+31%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 103%. Over the whole period it spent 96% 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 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within IL. Charities of a similar size with the same main cause include Dressage 4 Kids Inc ($1.4m), Childrens Haven of SW Missouri ($1.4m) and Cedar Lake Camp Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 55% of the total. At year end it held assets of $210k against liabilities of $0, net assets of $210k.