Future Famers of America

Analysis

Future Famers of America is a registered charity in United States, based in Stillwater, OK. 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 Famers of America reported income of $985k and spending of $989k, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $855k to $985k (+15%), an average of +4.9% a year. The sharpest change came in the year to June 2022, when income rose by 83%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Future Famers of America sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within OK. Charities of a similar size with the same main cause include Southern Garrett County Rescue Squad Inc ($985k), Wichita Montessori School Inc ($986k) and Jeffries Family Scholarship ($985k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 58% of the total. At year end it held assets of $266k against liabilities of $0, net assets of $266k.