Future Farmers of America and Its State Assoc & Loc Chapter

Analysis

Future Farmers of America and Its State Assoc & Loc Chapter is a registered charity in United States, based in Denmark, WI. 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 and Its State Assoc & Loc Chapter reported income of $85k and spending of $56k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $81k to $85k (+4.7%), an average of +4.7% a year. Over the whole period it spent 88% 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 and Its State Assoc & Loc Chapter sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 30th percentile within WI. Charities of a similar size with the same main cause include Foster Center Volunteer Fire Company ($85k), Little League Baseball Inc ($85k) and Public Financial Publication Inc ($85k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% of the total. At year end it held assets of $212k against liabilities of $0, net assets of $212k.