Loudonville Agricultural Society in Corporated

Analysis

Loudonville Agricultural Society in Corporated is a registered charity in United States, based in Loudonville, OH. It received its IRS tax-exemption ruling in November 2020, 6 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, Loudonville Agricultural Society in Corporated reported income of $175k and spending of $156k, spending 89% of its income. Across the 2 years on record, from November 2022 to November 2023, income grew from $115k to $175k (+52%), an average of +52% a year. The sharpest change came in the year to November 2023, when income rose by 52%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Loudonville Agricultural Society in Corporated sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within OH. Charities of a similar size with the same main cause include Gadsden Senior Services ($175k), In It for the Cause Foundation ($175k) and Community Recreation Association Inc ($175k).

On its Form 990-EZ for the period ending November 2023, revenue came from contributions and grants 53% and program service revenue 44% of the total. At year end it held assets of $125k against liabilities of $0, net assets of $125k.