Future Farmers of America and Its State Associations & Local Chapter is a 501(c)(3) organization based in Ithaca, New York, registered in 1945, with $194,455 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$194K
▲ 0.9% vs prior year
Youth median: $163K
Expenses (FY2024)
$160K
Net assets
$167K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Future Farmers of America and Its State Associations & Local Chapter— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Future Farmers of America and Its State Associations & Local Chapter: 13 mo reserves · +18% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Future Farmers of America and Its State Associations & Local Chapter— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Future Farmers of America and Its State Associations & Local Chapter: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue declined from $216K (FY2016) to $194K (FY2024) across 9 reported years.
Financial snapshot
Operating margin
17.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$167K
Total liabilities
$0
Net assets
$167K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $194,455▲0.9% | $160,115▲32.9% | $167,011▲25.9% | $167,011▲25.9% | 990EZ |
| 2023 | $192,627▼17.9% | $120,498▼37.9% | $132,671▲119% | $132,671▲119% | 990 |
| 2022 | $234,603▲50.0% | $193,907▲16.3% | $60,543▲204% | $60,543▲204% | 990 |
| 2021 | $156,372▲214% | $166,800▲295% | $19,898▼34.6% | $19,898▼34.6% | 990 |
| 2020 | $49,808▼75.4% | $42,195▼77.6% | $30,431▲32.8% | $30,431▲32.8% | 990 |
| 2019 | $202,719▼15.2% | $188,341▼21.2% | $22,917▲168% | $22,917▲168% | 990 |
| 2018 | $239,038▲1.5% | $238,864▲1.0% | $8,539▲52.0% | $8,539▲52.0% | 990 |
| 2017 | $235,531▲9.2% | $236,452▲1.0% | $5,619▼14.1% | $5,619▼14.1% | 990 |
| 2016 | $215,716 | $234,077 | $6,540 | $6,540 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Future Farmers of America and Its State Associations & Local Chapter (EIN 14-6048834) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.