Future Farmers of America and Its State Associations & Local Chapter

Analysis

Future Farmers of America and Its State Associations & Local Chapter is a registered charity in United States, based in Stillwater, OK. It received its IRS tax-exemption ruling in January 1945, 81 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 December 2023, Future Farmers of America and Its State Associations & Local Chapter reported income of $617k and spending of $679k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $722k to $617k (-15%), an average of -3.9% a year. The sharpest change came in the year to December 2021, when income rose by 131%. Over the whole period it spent 101% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Future Farmers of America and Its State Associations & Local Chapter sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within OK. Charities of a similar size with the same main cause include Strategies for Youth Inc ($617k), 3d Girls Incorporated ($617k) and The Wisconsin Ffa Foundation Inc ($616k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 41% of the total. At year end it held assets of $116k against liabilities of $0, net assets of $116k.