South Carolina Future Farmers of America Foundation

Analysis

South Carolina Future Farmers of America Foundation is a registered charity in United States, based in Saluda, SC. It received its IRS tax-exemption ruling in April 1976, 50 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, South Carolina Future Farmers of America Foundation reported income of $466k and spending of $539k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $328k to $466k (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2021, when income rose by 1744%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South Carolina Future Farmers of America Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within SC. Charities of a similar size with the same main cause include Cornea Research Foundation of America Inc ($466k), Institute on Religious Life Inc ($466k) and Cancer Patient Services ($466k).

Compensation of current officers, directors and key employees was $18k (3.3% of expenses). At year end it held assets of $14.9m against liabilities of $1,006, net assets of $14.9m. It reported 1 employees.