Future Farmers of America State Associations & Local Chapter

Analysis

Future Farmers of America State Associations & Local Chapter is a registered charity in United States, based in Dover, DE. 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 June 2023, Future Farmers of America State Associations & Local Chapter reported income of $170k and spending of $174k, spending 102% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $139k to $170k (+23%), an average of +23% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 107% 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 State Associations & Local Chapter sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 45th percentile within DE. Charities of a similar size with the same main cause include Greensboro Guilford Crime Stoppers Inc ($170k), Ptsa Connecticut Inc ($170k) and Greater New York Chapter Society of Nuclear Medicine & Molecular Imagi ($170k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 51% of the total. At year end it held assets of $220 against liabilities of $0, net assets of $220.