Kenai Peninsula Fair Association

Analysis

Kenai Peninsula Fair Association is a registered charity in United States, based in Ninilchik, AK. It received its IRS tax-exemption ruling in July 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Kenai Peninsula Fair Association reported income of $165k and spending of $211k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $147k to $165k (+13%), an average of +3.0% a year. The sharpest change came in the year to December 2022, when income rose by 66%. Over the whole period it spent 141% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kenai Peninsula Fair Association sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 45th percentile within AK. Charities of a similar size with the same main cause include Gamma Theta Foundation Inc ($165k), Advancing Women in Aviation Roundtable ($165k) and Wake Forest University Foundation ($165k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 26% of the total. At year end it held assets of $520k against liabilities of $61k, net assets of $460k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.