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 Frankfort, KY. 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 December 2023, Future Farmers of America and Its State Associations & Local Chapter reported income of $250k and spending of $253k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $273k to $250k (-8.1%), an average of -2.1% a year. The sharpest change came in the year to December 2022, when income rose by 95%. Over the whole period it spent 100% 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 and Its State Associations & Local Chapter sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within KY. Charities of a similar size with the same main cause include California Federation of Womens Clubs ($250k), CE Shop Foundation ($250k) and Los Angeles Section 8 Coronado Lomod Corporation -2 ($250k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. At year end it held assets of $18k against liabilities of $0, net assets of $18k.