Goshen Agricultural Society Inc

Analysis

Goshen Agricultural Society Inc is a registered charity in United States, based in Goshen, CT. It received its IRS tax-exemption ruling in August 2015, 11 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 December 2023, Goshen Agricultural Society Inc reported income of $679k and spending of $591k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $496k to $679k (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2021, when income rose by 720%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Goshen Agricultural Society Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within CT. Charities of a similar size with the same main cause include Metro Tulsa Soccer Club Usc ($678k), Northridge Baseball Association ($679k) and Old West Special Trails Inc ($678k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.1% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $10k (1.8% of expenses). Other salaries and wages came to $64k. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m. It reported 91 employees.