South Carolina Association of Young Farmers of America

Analysis

South Carolina Association of Young Farmers of America is a registered charity in United States, based in York, SC. It received its IRS tax-exemption ruling in February 1973, 53 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 December 2023, South Carolina Association of Young Farmers of America reported income of $59k and spending of $64k, spending 108% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $63k to $59k (-5.9%), an average of -1.2% a year. The sharpest change came in the year to December 2022, when income rose by 861%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South Carolina Association of Young Farmers of America sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 29th percentile within SC. Charities of a similar size with the same main cause include Millersport Community Theatre ($59k), PTA Texas Congress ($59k) and Guilford Keeping Society Inc ($59k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. At year end it held assets of $68k against liabilities of $0, net assets of $68k.