Future Farmers of America State Associations & Local Chapter

Analysis

Future Farmers of America State Associations & Local Chapter is a registered charity in United States, based in Jackson, MS. 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 August 2023, Future Farmers of America State Associations & Local Chapter reported income of $128k and spending of $138k, spending 108% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $101k to $128k (+27%), an average of +6.2% a year. The sharpest change came in the year to August 2022, when income rose by 57%. Over the whole period it spent 88% 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 Associations & Local Chapter sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 45th percentile within MS. Charities of a similar size with the same main cause include Family Career and Community Leaders of America Inc ($128k), Northfield Apartments Inc ($128k) and Voices Inc ($128k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. At year end it held assets of $89k against liabilities of $0, net assets of $89k.