Martinsville Agricultural Fair Assn Inc

Analysis

Martinsville Agricultural Fair Assn Inc is a registered charity in United States, based in Martinsville, IL. It received its IRS tax-exemption ruling in June 2009, 17 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 December 2023, Martinsville Agricultural Fair Assn Inc reported income of $361k and spending of $303k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $259k to $361k (+39%), an average of +8.7% a year. The sharpest change came in the year to December 2021, when income rose by 158%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Martinsville Agricultural Fair Assn Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IL. Charities of a similar size with the same main cause include Type 1 United ($361k), Panthers Athletic Club Inc ($361k) and Youth Athletic Foundation ($361k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 47% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.