Future Farmers of America

Analysis

Future Farmers of America is a registered charity in United States, based in Jefferson Cty, MO. 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 $970k and spending of $1.1m, spending 110% of what it took in. Across the 5 years on record, from March 2020 to December 2023, income grew from $778k to $970k (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2021, when income rose by 134%. Over the whole period it spent 106% 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 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within MO. Charities of a similar size with the same main cause include Honor Emergency Fund of the Fire Department of the City of New York ($970k), Lincoln Community Center Assn Inc ($970k) and Santa Ynez Valley Senior Citizens Foundation ($970k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m. It reported 15 employees.