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 Corvallis, OR. 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 $1.3m and spending of $1.3m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $552k to $1.3m (+142%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 116%. Over the whole period it spent 96% 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 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within OR. Charities of a similar size with the same main cause include C5 Youth Foundation of Southern California Inc ($1.3m), Boys & Girls Club of Bay County Inc ($1.3m) and Reaching a Generation USA Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 4.3% of the total. Compensation of current officers, directors and key employees was $64k (4.7% of expenses). Other salaries and wages came to $281k. At year end it held assets of $460k against liabilities of $55k, net assets of $405k.