Lake of the Woods County Fair Assn

Analysis

Lake of the Woods County Fair Assn is a registered charity in United States, based in Baudette, MN. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Lake of the Woods County Fair Assn reported income of $164k and spending of $151k, spending 92% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $66k to $164k (+148%), an average of +35% a year. The sharpest change came in the year to September 2021, when income rose by 201%. Over the whole period it spent 63% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lake of the Woods County Fair Assn sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within MN. Charities of a similar size with the same main cause include South Minneapolis Meals on Wheels ($164k), Intentional Communities of Washtenaw County ($164k) and Afghan American Womens Association ($164k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 28% and program service revenue 67% of the total. At year end it held assets of $706k against liabilities of $0, net assets of $706k.