Future Farmers Of America And Its West Virginia State Ffa Associatio
EIN: 556038957 · Charleston, WV · NTEE: O52
| Metric | Value |
|---|---|
| Total Revenue | $421K |
| Total Expenses | $355K |
| Net Assets | $228K |
Is Future Farmers Of America And Its West Virginia State Ffa Associatio Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Future Farmers Of America And Its West Virginia State Ffa Associatio
Future Farmers Of America And Its West Virginia State Ffa Associatio (EIN: 556038957) is a nonprofit organization based in Charleston, WV, classified under NTEE code O52. The organization reported total revenue of $421K and total assets of $284K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Future Farmers Of America And Its West Virginia State Ffa Associatio's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Future Farmers Of America And Its West Virginia State Ffa Associatio is a small nonprofit that has been operating for 3 years, with 14 years of IRS 990 filings on record (2010–2024). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $446K |
| Total Expenses | $355K |
| Surplus / Deficit | +$91K |
| Total Assets | $228K |
| Net Assets | $228K |
| Operating Margin | 20.5% |
| Months of Reserves | 7.7 months |
Financial Health Grade: A
In 2024, Future Farmers Of America And Its West Virginia State Ffa Associatio reported a surplus of $91K with revenue exceeding expenses, holds 7.7 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2024), Future Farmers Of America And Its West Virginia State Ffa Associatio's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +6.6% | +3.6% | +33.1% |
| 2023 | +335.9% | +70.4% | +182.1% |
| 2022 | +10.5% | +325.8% | -63.3% |
| 2021 | -69.0% | -80.0% | +31.5% |
| 2020 | -9.6% | -24.1% | +54.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2023 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Future Farmers Of America And Its West Virginia State Ffa Associatio has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Future Farmers Of America And Its West Virginia State Ffa Associatio with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $91K, with revenue exceeding expenses.
Frequently Asked Questions about Future Farmers Of America And Its West Virginia State Ffa Associatio
Is Future Farmers Of America And Its West Virginia State Ffa Associatio a legitimate charity?
Future Farmers Of America And Its West Virginia State Ffa Associatio (EIN: 556038957) is a registered tax-exempt nonprofit based in West Virginia. It has 14 years of IRS 990 filings on record. Total revenue: $421K. No red flags identified. Financial health grade: A.
How does Future Farmers Of America And Its West Virginia State Ffa Associatio spend its money?
Future Farmers Of America And Its West Virginia State Ffa Associatio reported $421K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Future Farmers Of America And Its West Virginia State Ffa Associatio tax-deductible?
Future Farmers Of America And Its West Virginia State Ffa Associatio is registered as a tax-exempt nonprofit (EIN: 556038957). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Future Farmers Of America And Its West Virginia State Ffa Associatio located?
Future Farmers Of America And Its West Virginia State Ffa Associatio is headquartered in Charleston, West Virginia and files with the IRS under EIN 556038957. It is classified under NTEE code O52.
How many years of IRS 990 filings does Future Farmers Of America And Its West Virginia State Ffa Associatio have?
Future Farmers Of America And Its West Virginia State Ffa Associatio has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $421K in total revenue.
Filing History
IRS 990 filing history for Future Farmers Of America And Its West Virginia State Ffa Associatio showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2024), Future Farmers Of America And Its West Virginia State Ffa Associatio's revenue has grown by 55.8%, moving from $286K to $446K. Total assets increased by 284.4% over the same period, from $59K to $228K. Total functional expenses rose by 36.5%, from $260K to $355K. In its most recent filing year (2024), Future Farmers Of America And Its West Virginia State Ffa Associatio reported a surplus of $91K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $446K | $355K | $228K | $0 | — | View 990 |
| 2023 | $419K | $342K | $172K | $35K | — | View 990 |
| 2022 | $96K | $201K | $61K | $0 | — | View 990 |
| 2021 | $87K | $47K | $166K | $0 | — | View 990 |
| 2020 | $280K | $235K | $126K | $0 | — | — |
| 2019 | $310K | $310K | $81K | $0 | — | — |
| 2018 | $338K | $344K | $82K | $0 | — | — |
| 2017 | $366K | $345K | $87K | $0 | — | View 990 |
| 2016 | $306K | $329K | $66K | $0 | — | View 990 |
| 2015 | $307K | $289K | $89K | $0 | — | View 990 |
| 2014 | $353K | $331K | $71K | $0 | — | View 990 |
| 2013 | $253K | $286K | $50K | $0 | — | View 990 |
| 2011 | $263K | $257K | $65K | $0 | — | View 990 |
| 2010 | $286K | $260K | $59K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $446K, expenses of $355K, and assets of $228K (revenue +6.6% year-over-year).
- 2023: Revenue of $419K, expenses of $342K, and assets of $172K (revenue +335.9% year-over-year).
- 2022: Revenue of $96K, expenses of $201K, and assets of $61K (revenue +10.5% year-over-year).
- 2021: Revenue of $87K, expenses of $47K, and assets of $166K (revenue -69.0% year-over-year).
- 2020: Revenue of $280K, expenses of $235K, and assets of $126K (revenue -9.6% year-over-year).
- 2019: Revenue of $310K, expenses of $310K, and assets of $81K (revenue -8.4% year-over-year).
- 2018: Revenue of $338K, expenses of $344K, and assets of $82K (revenue -7.7% year-over-year).
- 2017: Revenue of $366K, expenses of $345K, and assets of $87K (revenue +19.7% year-over-year).
- 2016: Revenue of $306K, expenses of $329K, and assets of $66K (revenue -0.3% year-over-year).
- 2015: Revenue of $307K, expenses of $289K, and assets of $89K (revenue -13.1% year-over-year).
- 2014: Revenue of $353K, expenses of $331K, and assets of $71K (revenue +39.4% year-over-year).
- 2013: Revenue of $253K, expenses of $286K, and assets of $50K (revenue -3.6% year-over-year).
- 2011: Revenue of $263K, expenses of $257K, and assets of $65K (revenue -8.2% year-over-year).
- 2010: Revenue of $286K, expenses of $260K, and assets of $59K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Future Farmers Of America And Its West Virginia State Ffa Associatio:
Data Sources and Methodology
This transparency report for Future Farmers Of America And Its West Virginia State Ffa Associatio is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.