Patrick Co Agricultural Fair Inc

Analysis

Patrick Co Agricultural Fair Inc is a registered charity in United States, based in Stuart, VA. It received its IRS tax-exemption ruling in June 2020, 6 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 June 2023, Patrick Co Agricultural Fair Inc reported income of $227k and spending of $176k, leaving 23% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $55k to $227k (+314%), an average of +104% a year. The sharpest change came in the year to June 2023, when income rose by 131%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Patrick Co Agricultural Fair Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within VA. Charities of a similar size with the same main cause include Remembrance Ranch ($227k), MPLS Lakers Youth Traveling Basketball Program Inc ($227k) and Playball Pony Baseball Inc ($227k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 86% of the total. At year end it held assets of $703k against liabilities of $0, net assets of $703k.