Future Farmers of America State Associations & Local Chapter

Analysis

Future Farmers of America State Associations & Local Chapter is a registered charity in United States, based in Seymour, WI. It received its IRS tax-exemption ruling in January 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Future Farmers of America State Associations & Local Chapter reported income of $314k and spending of $295k, spending 94% of its income. Across the 5 years on record, from August 2018 to August 2023, income grew from $165k to $314k (+90%), an average of +17% a year. The sharpest change came in the year to August 2022, when income rose by 1153%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Future Farmers of America State Associations & Local Chapter sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within WI. Charities of a similar size with the same main cause include Western Wisconsin Ibewneca Apprenticeship and Training Trust ($314k), Patterson School Foundation Inc ($314k) and Advance Learning Academy ($314k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 6.2% and program service revenue 94% of the total. At year end it held assets of $65k against liabilities of $0, net assets of $65k.