Oklahoma Future Farmers of America Foundation Incorporated

Analysis

Oklahoma Future Farmers of America Foundation Incorporated is a registered charity in United States, based in Stillwater, OK. It received its IRS tax-exemption ruling in March 1986, 40 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Oklahoma Future Farmers of America Foundation Incorporated reported income of $1.7m and spending of $1.4m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.5m to $1.7m (-30%), an average of -8.6% a year. The sharpest change came in the year to December 2020, when income rose by 75%. Over the whole period it spent 44% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Oklahoma Future Farmers of America Foundation Incorporated sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within OK. Charities of a similar size with the same main cause include Nido de Esperanza Charitable Society ($1.7m), Lords Children Mission ($1.7m) and Seasons Hospice of Muskogee ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $86k (5.9% of expenses). At year end it held assets of $10.6m against liabilities of $0, net assets of $10.6m. It reported 1 employees.