Future Farmers of America

Analysis

Future Farmers of America is a registered charity in United States, based in East Lansing, MI. 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Future Farmers of America reported income of $662k and spending of $621k, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $532k to $662k (+24%), an average of +5.6% a year. The sharpest change came in the year to June 2022, when income rose by 78%. Over the whole period it spent 84% 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 74th percentile, and in the 74th percentile within MI. Charities of a similar size with the same main cause include Peace of the City Ministries ($662k), Lubbock County Junior Livestock Association ($662k) and Film2future Inc ($661k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $27k. At year end it held assets of $523k against liabilities of $0, net assets of $523k.