Future Farmers of America Florida State Organization

Analysis

Future Farmers of America Florida State Organization is a registered charity in United States, based in Gainesville, FL. 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 Florida State Organization reported income of $1.8m and spending of $1.6m, spending 89% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.0m to $1.8m (+74%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 57%. Over the whole period it spent 95% 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 Florida State Organization sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Boys & Girls Club of Greater Kingsport Inc ($1.8m), Association for the Preservation of Historic Congressional Cemetery ($1.8m) and National Network of Abortion Funds ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.2% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $82k (5.3% of expenses). Other salaries and wages came to $151k. At year end it held assets of $940k against liabilities of $357k, net assets of $584k.