Future Farmers of America

Analysis

Future Farmers of America is a registered charity in United States, based in Stoughton, 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 reported income of $53k and spending of $43k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $41k to $53k (+27%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 90% 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 sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 17th percentile within WI. Charities of a similar size with the same main cause include Kidpower Teenpower Fullpower International ($53k), Prairie View Health Resources Inc ($53k) and Monache Band Parents Inc ($53k).

At year end it held assets of $85k against liabilities of $0, net assets of $85k.