Seneca County Agricultural Society

Analysis

Seneca County Agricultural Society is a registered charity in United States, based in Waterloo, NY. It received its IRS tax-exemption ruling in March 1995, 31 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 November 2023, Seneca County Agricultural Society reported income of $118k and spending of $105k, spending 89% of its income. Across the 5 years on record, from November 2019 to November 2023, income fell from $175k to $118k (-33%), an average of -9.5% a year. The sharpest change came in the year to November 2021, when income dropped by 36%. Over the whole period it spent 78% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Seneca County Agricultural Society sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Cowboy Kids Club Inc ($118k), Stark Co Terriers ($118k) and Derby City BMX Association Inc ($118k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. At year end it held assets of $510k against liabilities of $0, net assets of $510k.