Future Farmers of America State

Analysis

Future Farmers of America State is a registered charity in United States, based in Doyle, TN. 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 State reported income of $769k and spending of $643k, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $867k to $769k (-11%), an average of -3.0% a year. The sharpest change came in the year to June 2022, when income rose by 120%. Over the whole period it spent 92% 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 State sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within TN. Charities of a similar size with the same main cause include Danville Community College Educational Foundation Inc ($769k), New Yorkers for Parks ($769k) and Greene County Child Care Association Inc ($769k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 74% of the total. Other salaries and wages came to $63k. At year end it held assets of $3.9m against liabilities of $15k, net assets of $3.9m. It reported 2 employees.