Alabama Future Farmers of America Foundation

Analysis

Alabama Future Farmers of America Foundation is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in August 1977, 49 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 (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 2023, Alabama Future Farmers of America Foundation reported income of $779k and spending of $559k, leaving 28% of income unspent that year. Across the 5 years on record, from June 2020 to December 2023, income fell from $824k to $779k (-5.5%), an average of -1.4% a year. The sharpest change came in the year to June 2021, when income dropped by 43%. Over the whole period it spent 51% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Alabama Future Farmers of America Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 79th percentile within AL. Charities of a similar size with the same main cause include Concord Youth Soccer Inc ($778k), Boys & Girls Clubs of the Lakelands Region ($779k) and Allegan County Youth Livestock Leaders ($777k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $2.3m against liabilities of $0, net assets of $2.3m.