Gratiot County Fair for Youth

Analysis

Gratiot County Fair for Youth is a registered charity in United States, based in Alma, MI. It received its IRS tax-exemption ruling in June 2008, 18 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, Gratiot County Fair for Youth reported income of $1.1m and spending of $1.1m, spending 94% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $873k to $1.1m (+30%), an average of +6.8% a year. The sharpest change came in the year to October 2021, when income rose by 143%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Gratiot County Fair for Youth sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within MI. Charities of a similar size with the same main cause include Sioux Empire Baseball Association ($1.1m), SC Gjoa Youth Soccer Inc ($1.1m) and Friendswood Mustangs Booster Club Inc ($1.1m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 13% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $43k (4.0% of expenses). Other salaries and wages came to $21k. At year end it held assets of $946k against liabilities of $18k, net assets of $929k. It reported 5 employees.