Erie County Agricultural Society

Analysis

Erie County Agricultural Society is a registered charity in United States, based in Hamburg, NY. It received its IRS tax-exemption ruling in November 1969, 57 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, Erie County Agricultural Society reported income of $11.5m and spending of $11.7m, spending 102% of its income. Across the 5 years on record, from November 2019 to November 2023, income grew from $8.9m to $11.5m (+28%), an average of +6.5% a year. The sharpest change came in the year to November 2021, when income rose by 1218%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Erie County Agricultural Society sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Louisville Central Community Center Inc ($11.4m), Franconia Mennonite Camp Association Inc ($11.6m) and Special Olympics Northern California Inc ($11.4m).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 0.4% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $321k (2.7% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $57.2m against liabilities of $9.5m, net assets of $47.7m. It reported 569 employees.