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 Indianapolis, IN. 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 2021, Future Farmers of America State Associations & Local Chapter reported income of $26.3m and spending of $23.1m, spending 88% of its income. Across the 3 years on record, from December 2019 to December 2021, income fell from $30.4m to $26.3m (-14%), an average of -7.0% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 97% 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 State Associations & Local Chapter sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IN. Charities of a similar size with the same main cause include Girl Scouts of Central Indiana Inc ($26.2m), Boys and Girls Club of Truckee Meadows ($26.8m) and Generation - You Employed Inc ($25.8m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 34% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $779k (3.4% of expenses). Other salaries and wages came to $5.6m. At year end it held assets of $32.5m against liabilities of $9.6m, net assets of $22.9m. It reported 178 employees.