Future Farmers of America

Analysis

Future Farmers of America is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in January 1945, 81 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 reported income of $105k and spending of $215k, spending 204% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $142k to $105k (-26%), an average of -9.6% a year. The sharpest change came in the year to June 2022, when income rose by 119%. Over the whole period it spent 108% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Future Farmers of America sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within AL. Charities of a similar size with the same main cause include Satori Soccer ($105k), Mosaic Educational and Arts Program ($105k) and Strategies for a Stronger Sanford ($105k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 13% of the total. At year end it held assets of $136k against liabilities of $41k, net assets of $95k.