Future Farmers of America

Analysis

Future Farmers of America is a registered charity in United States, based in Blacksburg, VA. It received its IRS tax-exemption ruling in January 1945, 81 years ago. Its declared purposes cover education, which this site groups under education and training. 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 reported income of $1.1m and spending of $906k, spending 82% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $357k to $1.1m (+208%), an average of +32% a year. The sharpest change came in the year to June 2022, when income rose by 554%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Future Farmers of America sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within VA. Charities of a similar size with the same main cause include Christian Center Day Care Inc ($1.1m), Fairness Education Fund Inc ($1.1m) and Islamic School of Louisville ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 16% and program service revenue 83% of the total. Other salaries and wages came to $12k. At year end it held assets of $1.3m against liabilities of $767, net assets of $1.3m.