Lycoming County Fair Association

Analysis

Lycoming County Fair Association is a registered charity in United States, based in Hughesville, PA. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 October 2023, Lycoming County Fair Association reported income of $679k and spending of $643k, spending 95% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $590k to $679k (+15%), an average of +3.6% a year. The sharpest change came in the year to October 2020, when income dropped by 23%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lycoming County Fair Association sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within PA. Charities of a similar size with the same main cause include Opportunities for Deserving Individuals ($679k), Development District Association of Appalachia Inc ($679k) and Intelligent Transportation Society of California ($679k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 5.0% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $12k (1.8% of expenses). Other salaries and wages came to $106k. At year end it held assets of $424k against liabilities of $35k, net assets of $389k.