Boone County Fair Association

Analysis

Boone County Fair Association is a registered charity in United States, based in Belvidere, IL. It received its IRS tax-exemption ruling in July 2011, 15 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Boone County Fair Association reported income of $2.4m and spending of $1.9m, leaving 21% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.7m to $2.4m (+37%), an average of +8.2% a year. The sharpest change came in the year to September 2021, when income rose by 318%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Boone County Fair Association sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include The Arc of Franklin-Fulton Counties ($2.4m), Family Service Agency ($2.4m) and Holland Home Foundation ($2.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 7.3% and program service revenue 93% of the total. Other salaries and wages came to $235k. At year end it held assets of $3.6m against liabilities of $63k, net assets of $3.6m. It reported 13 employees.