Itasca County Agricultural Association

Analysis

Itasca County Agricultural Association is a registered charity in United States, based in Grand Rapids, MN. It received its IRS tax-exemption ruling in November 1989, 37 years ago. 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, Itasca County Agricultural Association reported income of $294k and spending of $182k, leaving 38% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $169k to $294k (+73%), an average of +15% a year. The sharpest change came in the year to September 2021, when income rose by 268%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Itasca County Agricultural Association sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within MN. Charities of a similar size with the same main cause include Society for the Experimental Analysis of Behavior Inc ($294k), Legacy Broadcasting Inc ($294k) and Kiryas Joel Housing Co Inc-Fmha ($293k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 74% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $19k (11% of expenses). Other salaries and wages came to $3,789. At year end it held assets of $305k against liabilities of $3,194, net assets of $301k. It reported 3 employees.