Lewis County Agricultural Society

Analysis

Lewis County Agricultural Society is a registered charity in United States, based in Lowville, NY. It received its IRS tax-exemption ruling in November 1997, 29 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, Lewis County Agricultural Society reported income of $768k and spending of $503k, leaving 35% of income unspent that year. Across the 5 years on record, from November 2019 to November 2023, income grew from $475k to $768k (+62%), an average of +13% a year. The sharpest change came in the year to November 2021, when income rose by 206%. Over the whole period it spent 81% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lewis County Agricultural Society sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include San Mateo County Parks and Recreation Foundation ($768k), Ellicott City Soccer Club Inc ($768k) and Temecula Triton Swim Club ($768k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 42% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $7,500 (1.5% of expenses). Other salaries and wages came to $58k. At year end it held assets of $1.7m against liabilities of $100k, net assets of $1.6m. It reported 16 employees.