Iosco County Agricultural Society

Analysis

Iosco County Agricultural Society is a registered charity in United States, based in Hale, MI. It received its IRS tax-exemption ruling in June 1995, 31 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 September 2023, Iosco County Agricultural Society reported income of $210k and spending of $135k, leaving 35% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $152k to $210k (+38%), an average of +8.4% a year. The sharpest change came in the year to September 2022, when income rose by 18%. Over the whole period it spent 70% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Iosco County Agricultural Society sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within MI. Charities of a similar size with the same main cause include Northside PDX ($210k), Neptune Soccer Association ($210k) and Dickinson Little League Baseball Inc ($210k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 31% and program service revenue 61% of the total. At year end it held assets of $911k against liabilities of $200k, net assets of $710k.