Genesee County Agricultural Society

Analysis

Genesee County Agricultural Society is a registered charity in United States, based in Mount Morris, MI. It received its IRS tax-exemption ruling in December 1976, 50 years ago. 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 September 2023, Genesee County Agricultural Society reported income of $761k and spending of $815k, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $652k to $761k (+17%), an average of +3.9% a year. The sharpest change came in the year to September 2021, when income rose by 632%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Genesee County Agricultural Society sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MI. Charities of a similar size with the same main cause include Navy League of the United States ($761k), Forever Caring Fund of East Pa Conference of Churches of God ($761k) and Ear Foundation of Arizona ($761k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 24% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $50k (6.1% of expenses). Other salaries and wages came to $13k. At year end it held assets of $1.2m against liabilities of $711k, net assets of $474k. It reported 10 employees.