Essex Agricultural Society

Analysis

Essex Agricultural Society is a registered charity in United States, based in Topsfield, MA. It received its IRS tax-exemption ruling in April 1952, 74 years ago. 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, Essex Agricultural Society reported income of $6.7m and spending of $5.9m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.3m to $6.7m (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2021, when income rose by 932%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Essex Agricultural Society sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Felician School for Exceptional Children ($6.7m), South Central Behavioral Services ($6.7m) and Gladney Fund ($6.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.8% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $221k (3.8% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $16.9m against liabilities of $1.3m, net assets of $15.6m. It reported 269 employees.