Knox County Agricultural Society Inc

Analysis

Knox County Agricultural Society Inc is a registered charity in United States, based in Mount Vernon, OH. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Knox County Agricultural Society Inc reported income of $987k and spending of $840k, spending 85% of its income. Across the 4 years on record, from November 2020 to November 2023, income grew from $464k to $987k (+113%), an average of +29% a year. The sharpest change came in the year to November 2021, when income rose by 79%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Knox County Agricultural Society Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within OH. Charities of a similar size with the same main cause include Heart of America Indian Center ($987k), Detroit Parent Network ($987k) and Christian Womens Center ($986k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $29k (3.4% of expenses). At year end it held assets of $614k against liabilities of $0, net assets of $614k.