Future Farmers of America and Its State Associations & Local Chapter is a 501(c)(3) organization based in Phoenix, Arizona, registered in 1953, with $990,887 in FY2023 revenue. CharityIndex grades it B.
Revenue (FY2023)
$991K
▲ 2.6% vs prior year
Youth median: $163K
Expenses (FY2023)
$974K
Net assets
$1.3M
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: 16 mo reserves · +2% 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 $1.0M (FY2018) to $991K (FY2023) across 6 reported years.
Financial snapshot
Operating margin
1.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.3M
Total liabilities
$10K
Net assets
$1.3M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $990,887▲2.6% | $974,204▼12.1% | $1,330,380▲5.6% | $1,340,605 | 990 |
| 2022 | $966,155▼1.8% | $1,108,370▲7.8% | $1,259,420▼8.6% | $1,340,333▼4.5% | 990 |
| 2021 | $983,969▲34.2% | $1,028,260▲102% | $1,378,396▼8.8% | $1,402,903▼8.9% | 990 |
| 2020 | $733,388▼15.5% | $510,221▼30.2% | $1,511,544▲31.2% | $1,540,150▲32.3% | 990 |
| 2019 | $867,814▼16.6% | $731,106▼12.7% | $1,152,018▲13.1% | $1,164,427▲12.8% | 990 |
| 2018 | $1,039,946 | $837,056 | $1,018,864 | $1,032,690 | 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 23-7124258) 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.