Future Farmers of America and Its State Associations & Local Chapter

Analysis

Future Farmers of America and Its State Associations & Local Chapter is a registered charity in United States, based in Randolph, 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 June 2024, Future Farmers of America and Its State Associations & Local Chapter reported income of $116k and spending of $69k, leaving 40% of income unspent that year. Across the 4 years on record, from June 2021 to June 2024, income grew from $31k to $116k (+279%), an average of +56% a year. The sharpest change came in the year to June 2024, when income rose by 674%. Over the whole period it spent 52% 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 Associations & Local Chapter sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within WI. Charities of a similar size with the same main cause include Georgia Extension 4-H Foundation ($116k), PTA California Congress of Parents Teachers & Students Inc ($116k) and Iglesia Unity Centro de Luz Inc ($116k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 69% of the total. At year end it held assets of $600k against liabilities of $0, net assets of $600k.