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 Concord, NH. 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 December 2023, Future Farmers of America State Associations & Local Chapter reported income of $142k and spending of $149k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $114k to $142k (+24%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 101% 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 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 47th percentile within NH. Charities of a similar size with the same main cause include Volunteers of America Inc ($142k), Association of Northwest Steelheaders Inc ($142k) and Strang Community Fire Department Inc ($142k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $3,788 against liabilities of $0, net assets of $3,788.