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 Athens, GA. 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 June 2024, Future Farmers of America and Its State Associations & Local Chapter reported income of $1.2m and spending of $1.3m, spending 106% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $860k to $1.2m (+40%), an average of +8.8% a year. The sharpest change came in the year to June 2022, when income rose by 73%. Over the whole period it spent 98% 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 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within GA. Charities of a similar size with the same main cause include Lide White Memorial Boys and Girls Club Inc ($1.2m), Sound Mind Sound Body Foundation ($1.2m) and Dreams Work Inc ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 39% and program service revenue 61% of the total. At year end it held assets of $316k against liabilities of $0, net assets of $316k.