Waseca County Agricultural Society

Analysis

Waseca County Agricultural Society is a registered charity in United States, based in Waseca, MN. It received its IRS tax-exemption ruling in October 2012, 14 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 (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, Waseca County Agricultural Society reported income of $356k and spending of $355k, spending 100% of its income. Across the 4 years on record, from September 2019 to September 2023, income grew from $278k to $356k (+28%), an average of +8.5% a year. The sharpest change came in the year to September 2021, when income rose by 28%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Waseca County Agricultural Society sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within MN. Charities of a similar size with the same main cause include Northern Kentucky Baseball Association Inc ($356k), DSC United Corp ($356k) and Project Prep Olympic Development Program Inc ($356k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 30% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $9,500 (2.7% of expenses). Other salaries and wages came to $12k. At year end it held assets of $177k against liabilities of $2,474, net assets of $174k. It reported 4 employees.