Freeborn County Agricultural Society

Analysis

Freeborn County Agricultural Society is a registered charity in United States, based in Albert Lea, MN. It received its IRS tax-exemption ruling in September 2008, 18 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, Freeborn County Agricultural Society reported income of $810k and spending of $843k, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $815k to $810k (-0.6%), an average of -0.2% a year. The sharpest change came in the year to September 2021, when income rose by 449%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Freeborn County Agricultural Society sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MN. Charities of a similar size with the same main cause include Connecting Point of Park Cities ($810k), Small Talk Childrens Advocacy Center ($810k) and Kingdom Living Iowa ($810k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 11% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $20k (2.4% of expenses). Other salaries and wages came to $101k. At year end it held assets of $122k against liabilities of $32k, net assets of $90k. It reported 148 employees.