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 Alvin, TX. 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 August 2024, Future Farmers of America State Associations & Local Chapter reported income of $67k and spending of $100k, spending 149% of what it took in. Across the 2 years on record, from August 2023 to August 2024, income grew from $30k to $67k (+123%), an average of +123% a year. The sharpest change came in the year to August 2024, when income rose by 123%. Over the whole period it spent 159% 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 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within TX. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($67k), Wounded Soldiers of the Republic of Vietnam ($67k) and Yonkers Historical Society ($67k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 40% of the total. At year end it held assets of $36k against liabilities of $0, net assets of $36k.