Rice County Agriculture Society

Analysis

Rice County Agriculture Society is a registered charity in United States, based in Faribault, MN. It received its IRS tax-exemption ruling in March 1977, 49 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending September 2024, Rice County Agriculture Society reported income of $406k and spending of $408k, spending 100% of its income. Across the 6 years on record, from September 2019 to September 2024, income grew from $303k to $406k (+34%), an average of +6.1% a year. The sharpest change came in the year to September 2021, when income rose by 362%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rice County Agriculture Society sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within MN. Charities of a similar size with the same main cause include Old World Wisconsin Foundation Inc ($406k), Orange Grove Development Inc ($406k) and Kansas Chamber of Commerce & Industry Education Foundation Inc ($406k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 12% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $4,360 (1.1% of expenses). Other salaries and wages came to $47k. At year end it held assets of $318k against liabilities of $9,379, net assets of $309k. It reported 17 employees.