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 Sherburn, MN. 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 State Associations & Local Chapter reported income of $64k and spending of $62k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $78k to $64k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 71% 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 State Associations & Local Chapter sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 22nd percentile within MN. Charities of a similar size with the same main cause include James River Outdoor Coalition ($64k), Image Initiative Inc ($64k) and Kams Foundation Inc ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 9.8% of the total. At year end it held assets of $59k against liabilities of $0, net assets of $59k.