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 Denver, CO. 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 June 2023, Future Farmers of America State Associations & Local Chapter reported income of $445k and spending of $478k, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $422k to $445k (+5.4%), an average of +1.3% a year. The sharpest change came in the year to June 2022, when income rose by 128%. Over the whole period it spent 96% 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 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within CO. Charities of a similar size with the same main cause include Directors Guild Foundation ($445k), National Veterans Homeless Support Inc ($445k) and Lexington-Bedford Youth Hockey Inc ($445k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. At year end it held assets of $144k against liabilities of $0, net assets of $144k.