Future Farmers of America

Analysis

Future Farmers of America is a registered charity in United States, based in Lincoln, NE. 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 August 2024, Future Farmers of America reported income of $882k and spending of $855k, spending 97% of its income. Across the 5 years on record, from August 2020 to August 2024, income grew from $411k to $882k (+114%), an average of +21% a year. The sharpest change came in the year to August 2022, when income rose by 59%. Over the whole period it spent 93% 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 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within NE. Charities of a similar size with the same main cause include Brockton Electricians Joint Apprenticeship and Training Trust ($881k), Valley Lake Boys Home Inc ($882k) and Kollel Chazon Ish ($881k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 29% and program service revenue 68% of the total. At year end it held assets of $695k against liabilities of $0, net assets of $695k.