Kentucky Future Farmers of America Foundation Inc

Analysis

Kentucky Future Farmers of America Foundation Inc is a registered charity in United States, based in Flemingsburg, KY. It received its IRS tax-exemption ruling in May 1990, 36 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, Kentucky Future Farmers of America Foundation Inc reported income of $1.9m and spending of $1.2m, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $959k to $1.9m (+98%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 170%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kentucky Future Farmers of America Foundation Inc 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 86th percentile, and in the 86th percentile within KY. Charities of a similar size with the same main cause include Kearney Public Schools Foundation Inc ($1.9m), In Touch Mission International Inc ($1.9m) and Tanalian Bible Camp ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 13% of the total. At year end it held assets of $7.0m against liabilities of $2,787, net assets of $7.0m. It reported 4 employees.