Dakota County Agricultural Society

Analysis

Dakota County Agricultural Society is a registered charity in United States, based in Farmington, MN. It received its IRS tax-exemption ruling in March 2017, 9 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, Dakota County Agricultural Society reported income of $1.5m and spending of $1.3m, spending 88% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.3m to $1.5m (+14%), an average of +3.2% a year. The sharpest change came in the year to September 2021, when income rose by 186%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dakota 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 83rd percentile, and in the 82nd percentile within MN. Charities of a similar size with the same main cause include Mercy Support Services ($1.5m), Southeastern Wake Adult Day Care Center ($1.5m) and California Community Action Partnership Association ($1.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 23% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $14k (1.1% of expenses). Other salaries and wages came to $322k. At year end it held assets of $3.3m against liabilities of $49k, net assets of $3.2m. It reported 213 employees.