Gouverneur Agricultural & Mechanical Society

Analysis

Gouverneur Agricultural & Mechanical Society is a registered charity in United States, based in Gouverneur, NY. It received its IRS tax-exemption ruling in October 2016, 10 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 October 2023, Gouverneur Agricultural & Mechanical Society reported income of $383k and spending of $417k, spending 109% of what it took in. Across the 4 years on record, from October 2020 to October 2023, income grew from $87k to $383k (+338%), an average of +64% a year. The sharpest change came in the year to October 2021, when income rose by 219%. Over the whole period it spent 105% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Gouverneur Agricultural & Mechanical Society sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Outer Banks Sporting Events Inc ($383k), Carroll County Fair & Livestock Show Inc ($383k) and Dewitt Area Swim Team ($383k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 4.8% and program service revenue 89% of the total. At year end it held assets of $580k against liabilities of $144k, net assets of $436k.