Skowhegan State Fair

Analysis

Skowhegan State Fair is a registered charity in United States, based in Skowhegan, ME. It received its IRS tax-exemption ruling in August 1999, 27 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 September 2023, Skowhegan State Fair reported income of $1.5m and spending of $1.4m, spending 89% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.2m to $1.5m (+25%), an average of +5.7% a year. The sharpest change came in the year to September 2021, when income rose by 1366%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Skowhegan State Fair sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within ME. Charities of a similar size with the same main cause include Massey Miracle Run Foundation ($1.5m), Kids-N-Camp Fund Inc ($1.5m) and Cranston League for Cranstons Future ($1.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 37% and program service revenue 46% of the total. Other salaries and wages came to $188k. At year end it held assets of $6.6m against liabilities of $131k, net assets of $6.4m. It reported 112 employees.