Lake County Fair Association

Analysis

Lake County Fair Association is a registered charity in United States, based in Grayslake, IL. It received its IRS tax-exemption ruling in March 1975, 51 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Lake County Fair Association reported income of $2.6m and spending of $3.1m, spending 118% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $2.1m to $2.6m (+25%), an average of +5.7% a year. The sharpest change came in the year to October 2022, when income rose by 145%. Over the whole period it spent 117% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lake County Fair Association sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include Enid Sports Association ($2.6m), Livermore Youth Soccer League ($2.6m) and Canton Soccer Club ($2.6m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 7.6% and program service revenue 72% of the total. Other salaries and wages came to $379k. At year end it held assets of $27.2m against liabilities of $4.9m, net assets of $22.3m. It reported 12 employees.