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 Verona, NY. 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 2024, Future Farmers of America State Associations & Local Chapter reported income of $96k and spending of $107k, spending 111% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $78k to $96k (+24%), an average of +4.4% a year. The sharpest change came in the year to June 2022, when income rose by 109%. Over the whole period it spent 95% 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 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within NY. Charities of a similar size with the same main cause include One to One International ($96k), Sigma Phi Educational Foundation Inc ($96k) and Champaign Central Band Boosters Inc ($96k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 97% of the total. At year end it held assets of $188k against liabilities of $0, net assets of $188k.