Iowa Ffa Foundation

Analysis

Iowa Ffa Foundation is a registered charity in United States, based in Ankeny, IA. It received its IRS tax-exemption ruling in February 1988, 38 years ago. 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 2023, Iowa Ffa Foundation reported income of $3.3m and spending of $1.2m, leaving 64% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $951k to $3.3m (+243%), an average of +36% a year. The sharpest change came in the year to June 2021, when income rose by 110%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Iowa Ffa Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within IA. Charities of a similar size with the same main cause include Agape Unlimited ($3.3m), Biblical Archaeology Society ($3.3m) and Childrens Burn Foundation ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $100k (8.6% of expenses). Other salaries and wages came to $154k. At year end it held assets of $14.2m against liabilities of $5.6m, net assets of $8.6m. It reported 8 employees.