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 Ankeny, IA. 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 $58k and spending of $59k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $56k to $58k (+3.1%), an average of +3.1% a year. Over the whole period it spent 97% 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 23rd percentile, and in the 20th percentile within IA. Charities of a similar size with the same main cause include PTA New York Congress ($58k), Berwick Russian Glee Club ($58k) and Eureka Heritage Society Incorporated ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 16% of the total. At year end it held assets of $34k against liabilities of $1,506, net assets of $32k.