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 Sparks, NV. 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 2024, Future Farmers of America State Associations & Local Chapter reported income of $222k and spending of $208k, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $197k to $222k (+12%), an average of +3.0% a year. The sharpest change came in the year to June 2022, when income rose by 44%. Over the whole period it spent 93% 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 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within NV. Charities of a similar size with the same main cause include Castillero Vocal Booster Club 6384 Leyland Park Dr ($222k), Anglo American International School ($222k) and Alumni Assocn of State Univ of Ny College of Environmental Et Al ($221k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 32% and program service revenue 68% of the total. At year end it held assets of $204k against liabilities of $8,369, net assets of $195k.