Benton County Fairgrounds Arena Assoc

Analysis

Benton County Fairgrounds Arena Assoc is a registered charity in United States, based in Sauk Rapids, MN. It received its IRS tax-exemption ruling in June 1982, 44 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Benton County Fairgrounds Arena Assoc reported income of $239k and spending of $329k, spending 138% of what it took in. Across the 3 years on record, from March 2020 to March 2023, income fell from $290k to $239k (-17%), an average of -9.2% a year. Over the whole period it spent 120% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Benton County Fairgrounds Arena Assoc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within MN. Charities of a similar size with the same main cause include Southern Area Youth Programs Inc ($239k), Egba Inc ($239k) and United States Bowling Congress Inc ($239k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 7.7% and program service revenue 91% of the total. Other salaries and wages came to $65k. At year end it held assets of $1.5m against liabilities of $508k, net assets of $1.0m. It reported 11 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.