Lucas County Fair Association

Analysis

Lucas County Fair Association is a registered charity in United States, based in Chariton, IA. It received its IRS tax-exemption ruling in February 2008, 18 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 September 2023, Lucas County Fair Association reported income of $264k and spending of $162k, leaving 39% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $377k to $264k (-30%), an average of -8.6% a year. The sharpest change came in the year to September 2021, when income rose by 177%. Over the whole period it spent 44% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lucas County Fair Association sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within IA. Charities of a similar size with the same main cause include Pennsylvania State Association of County Fairs ($264k), Renewables Forward Inc ($264k) and Detroit Peoples Community ($263k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 66% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $1,750 (1.1% of expenses). At year end it held assets of $995k against liabilities of $0, net assets of $995k.