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 Hooker, 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 December 2023, Future Farmers of America State Associations & Local Chapter reported income of $57k and spending of $18k, leaving 69% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $44k to $57k (+29%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 33% 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 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 21st percentile within OK. Charities of a similar size with the same main cause include St Mark American Coptic Youth Association Inc ($57k), Parent Booster USA Inc ($57k) and Cantabile Singers Inc ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $68k against liabilities of $0, net assets of $68k.