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 Austin, TX. It received its IRS tax-exemption ruling in January 1945, 81 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 August 2023, Future Farmers of America State Associations & Local Chapter reported income of $4.4m and spending of $4.2m, spending 95% of its income. Across the 4 years on record, from August 2019 to August 2023, income grew from $3.3m to $4.4m (+35%), an average of +10% a year. The sharpest change came in the year to August 2023, when income rose by 43%. Over the whole period it spent 97% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Future Farmers of America State Associations & Local Chapter sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Youth Improving Non-Profits for Children ($4.4m), Boy Scouts of America ($4.4m) and Boys & Girls Clubs of Hudson County ($4.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 41% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $114k (2.7% of expenses). Other salaries and wages came to $403k. At year end it held assets of $2.7m against liabilities of $474k, net assets of $2.2m. It reported 9 employees.