Montgomery County Agricultural Society

Analysis

Montgomery County Agricultural Society is a registered charity in United States, based in Fonda, NY. It received its IRS tax-exemption ruling in May 2019, 7 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, Montgomery County Agricultural Society reported income of $956k and spending of $918k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $822k to $956k (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2021, when income rose by 234%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Montgomery County Agricultural Society sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Chino Hills Area Water Polo ($955k), Action Baseball Club Inc ($957k) and Turning Point Center of Chittenden County Inc ($955k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.2% and program service revenue 96% of the total. Other salaries and wages came to $111k. At year end it held assets of $1.4m against liabilities of $304k, net assets of $1.1m. It reported 72 employees.