Madison County Fair and Horse Show Inc

Analysis

Madison County Fair and Horse Show Inc is a registered charity in United States, based in Richmond, KY. It received its IRS tax-exemption ruling in January 2006, 20 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 September 2023, Madison County Fair and Horse Show Inc reported income of $873k and spending of $821k, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $434k to $873k (+101%), an average of +19% a year. The sharpest change came in the year to September 2021, when income rose by 98%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Madison County Fair and Horse Show Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within KY. Charities of a similar size with the same main cause include Elevated Life Community Center Inc ($873k), Tulsa Route 66 Marathon Inc ($873k) and Media Freedom Foundation ($872k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.5% and program service revenue 98% of the total. At year end it held assets of $891k against liabilities of $0, net assets of $891k.