The Florida Future Farmers of America Foundation Incorporated

Analysis

The Florida Future Farmers of America Foundation Incorporated is a registered charity in United States, based in Haines City, FL. It received its IRS tax-exemption ruling in May 1979, 47 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, The Florida Future Farmers of America Foundation Incorporated reported income of $1.7m and spending of $1.9m, spending 110% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $2.0m to $1.7m (-11%), an average of -3.9% a year. The sharpest change came in the year to December 2022, when income rose by 26%. 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, The Florida Future Farmers of America Foundation Incorporated 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 Colorado Journeymen and Apprentices Training Fund for Operating Engine ($1.7m), Darul Arqam School Inc ($1.7m) and National Indian Youth Council ($1.7m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 31% and program service revenue 68% of the total. Other salaries and wages came to $552k. At year end it held assets of $3.1m against liabilities of $843k, net assets of $2.3m. It reported 42 employees.