Ffa Building Company

Analysis

Ffa Building Company is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ffa Building Company reported income of $611k and spending of $618k, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $14k to $611k (+4305%), an average of +253% a year. The sharpest change came in the year to June 2021, when income rose by 3119%. Over the whole period it spent 149% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ffa Building Company sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MN. Charities of a similar size with the same main cause include Resilience Education Training and Innovation Center Limited ($611k), For This Time Ministries ($611k) and The Club Foundation ($611k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $8.0m against liabilities of $8.8m, net assets of -$778k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.