Future Farmers of America and Its State Associations & Local Chapter

Analysis

Future Farmers of America and Its State Associations & Local Chapter is a registered charity in United States, based in Seminole, 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 December 2023, Future Farmers of America and Its State Associations & Local Chapter reported income of $51k and spending of $28k, leaving 44% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $40k to $51k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 48% 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 and Its State Associations & Local Chapter sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 20th percentile within TX. Charities of a similar size with the same main cause include June Lake Loop Performing Arts Association ($51k), Dekalb County Pal Plus ($51k) and Henderson Leadership Initiative Inc ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 32% of the total. At year end it held assets of $181k against liabilities of $0, net assets of $181k.