Herkimer County Fair Association Inc

Analysis

Herkimer County Fair Association Inc is a registered charity in United States, based in Frankfort, NY. It received its IRS tax-exemption ruling in June 1995, 31 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 2022, Herkimer County Fair Association Inc reported income of $373k and spending of $322k, spending 86% of its income. Across the 4 years on record, from November 2019 to November 2022, income fell from $391k to $373k (-4.8%), an average of -1.6% a year. The sharpest change came in the year to November 2021, when income rose by 197%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Herkimer County Fair Association Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Our Kids First Educational Program ($373k), Friends of Lakeshore State Park ($373k) and Westport Football Association Inc ($373k).

On its Form 990 for the period ending November 2022, revenue came from contributions and grants 5.3% and program service revenue 63% of the total. At year end it held assets of $1.1m against liabilities of $815, net assets of $1.1m.