McLean County Fair

Analysis

McLean County Fair is a registered charity in United States, based in Bloomington, IL. It received its IRS tax-exemption ruling in January 1954, 72 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 October 2023, McLean County Fair reported income of $58k and spending of $122k, spending 209% of what it took in. Across the 6 years on record, from September 2019 to October 2023, income fell from $881k to $58k (-93%), an average of -42% a year. The sharpest change came in the year to October 2023, when income dropped by 94%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, McLean County Fair sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 24th percentile within IL. Charities of a similar size with the same main cause include Houston Middle School Cheer Booster ($58k), Palmerton Boosters ($58k) and Oklahoma Golf Hall of Fame Foundation ($58k).

On its Form 990 for the period ending October 2023, revenue came from program service revenue 13% of the total. Other salaries and wages came to $61k. At year end it held assets of $1.1m against liabilities of $341k, net assets of $806k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.