Chenango County Agricultural Society

Analysis

Chenango County Agricultural Society is a registered charity in United States, based in Norwich, NY. It received its IRS tax-exemption ruling in October 1967, 59 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Chenango County Agricultural Society reported income of $290k and spending of $241k, spending 83% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $211k to $290k (+37%), an average of +8.2% a year. The sharpest change came in the year to September 2021, when income rose by 49%. 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, Chenango County Agricultural Society sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Saint Ignatius Chicago Rowing Inc ($290k), Team Tucker Association ($290k) and Metro Aquatic Club of Miami Inc ($290k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 25% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $24k (10% of expenses). Other salaries and wages came to $11k. At year end it held assets of $392k against liabilities of $156k, net assets of $236k. It reported 21 employees.