Chemung County Agricultural Society

Analysis

Chemung County Agricultural Society is a registered charity in United States, based in Horseheads, NY. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Chemung County Agricultural Society reported income of $443k and spending of $434k, spending 98% of its income. Across the 5 years on record, from February 2020 to December 2023, income grew from $326k to $443k (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2021, when income rose by 242%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chemung County Agricultural Society sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Children First Learning Center Inc ($443k), Combat Veterans to Careers ($443k) and Pee Wee Angels Christian Learners Center ($443k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. At year end it held assets of $26k against liabilities of $41k, net assets of -$15k.