Franklin County Agricultural Society

Analysis

Franklin County Agricultural Society is a registered charity in United States, based in Hilliard, OH. It received its IRS tax-exemption ruling in May 2024, 2 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 November 2023, Franklin County Agricultural Society reported income of $1.3m and spending of $818k, leaving 35% of income unspent that year. Across the 5 years on record, from November 2019 to November 2023, income grew from $709k to $1.3m (+77%), an average of +15% a year. The sharpest change came in the year to November 2021, when income rose by 155%. Over the whole period it spent 72% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Franklin County Agricultural Society sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within OH. Charities of a similar size with the same main cause include Whaler Nation Inc ($1.3m), Childrens Oncology Camp Foundation ($1.3m) and Galloway Baseball Club ($1.3m).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 34% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $42k (5.1% of expenses). Other salaries and wages came to $79k. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m. It reported 5 employees.