Nebraska Future Farmers of America Foundation

Analysis

Nebraska Future Farmers of America Foundation is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in December 1991, 35 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 July 2024, Nebraska Future Farmers of America Foundation reported income of $2.0m and spending of $1.6m, spending 81% of its income. Across the 5 years on record, from July 2020 to July 2024, income grew from $1.6m to $2.0m (+22%), an average of +5.0% a year. The sharpest change came in the year to July 2024, when income rose by 22%. Over the whole period it spent 81% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Nebraska Future Farmers of America Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within NE. Charities of a similar size with the same main cause include Johnny Mac Tennis Project Inc ($2.0m), Youth with a Mission Twin Pine Camp US ($2.0m) and Thru Project ($2.0m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $322k. At year end it held assets of $4.1m against liabilities of $35k, net assets of $4.1m. It reported 8 employees.