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 Hot Springs, AR. 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 2024, Future Farmers of America State Associations & Local Chapter reported income of $911k and spending of $700k, leaving 23% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $302k to $911k (+201%), an average of +25% a year. The sharpest change came in the year to June 2022, when income rose by 240%. Over the whole period it spent 96% 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 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within AR. Charities of a similar size with the same main cause include National Foundation for Women Legislators Inc ($910k), Dakota Hill Housng Corporation ($911k) and Health Occupations Students of America ($910k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 11% and program service revenue 88% of the total. At year end it held assets of $670k against liabilities of $4,414, net assets of $666k.