Future Farmers of America State Associations & Local Chapter

Analysis

Future Farmers of America State Associations & Local Chapter is a registered charity in United States, based in Blacksville, WV. 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 State Associations & Local Chapter reported income of $477k and spending of $586k, spending 123% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $112k to $477k (+324%), an average of +324% a year. The sharpest change came in the year to December 2023, when income rose by 324%. Over the whole period it spent 103% 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 State Associations & Local Chapter sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within WV. Charities of a similar size with the same main cause include Boy Scouts of America ($477k), Portage Community Outreach Center Inc ($477k) and The Atelier Studio Program of Fine Arts ($477k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $532k against liabilities of $0, net assets of $532k.