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 Bismarck, ND. 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 2023, Future Farmers of America and Its State Associations & Local Chapter reported income of $569k and spending of $499k, spending 88% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $550k to $569k (+3.5%), an average of +1.2% a year. The sharpest change came in the year to June 2022, when income rose by 293%. Over the whole period it spent 92% 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 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 69th percentile within ND. Charities of a similar size with the same main cause include Richland Wilkin Emergency Food Pantry Inc ($569k), Knox Heritage Inc ($569k) and PTA Texas Congress ($569k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.2% and program service revenue 94% of the total. At year end it held assets of $594k against liabilities of $0, net assets of $594k.