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 Baton Rouge, LA. 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 Associations & Local Chapter reported income of $447k and spending of $466k, spending 104% of its income. Across the 3 years on record, from June 2020 to June 2023, income grew from $305k to $447k (+47%), an average of +21% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 100% 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 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within LA. Charities of a similar size with the same main cause include Imago the Theatre Mask Ensemble ($447k), Honor Flight Rochester Inc ($447k) and Warhawk Comet Baseball Club ($447k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. At year end it held assets of $39k against liabilities of $0, net assets of $39k.