Walworth County Agricultural Society

Analysis

Walworth County Agricultural Society is a registered charity in United States, based in Elkhorn, WI. It received its IRS tax-exemption ruling in August 1958, 68 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, Walworth County Agricultural Society reported income of $3.6m and spending of $3.5m, spending 96% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $2.5m to $3.6m (+46%), an average of +9.8% a year. The sharpest change came in the year to October 2021, when income rose by 257%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Walworth County Agricultural Society sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WI. Charities of a similar size with the same main cause include Plymouth Wayzata Fusion Soccer Club ($3.6m), Direct Instructional Support Systems Inc ($3.6m) and Collegiate Officiating Consortium ($3.6m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 2.5% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $15k (0.4% of expenses). Other salaries and wages came to $850k. At year end it held assets of $5.3m against liabilities of $652k, net assets of $4.6m. It reported 228 employees.