Martin County Fair

Analysis

Martin County Fair is a registered charity in United States, based in Fairmont, MN. It received its IRS tax-exemption ruling in November 2001, 25 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 September 2024, Martin County Fair reported income of $533k and spending of $497k, spending 93% of its income. Across the 6 years on record, from September 2019 to September 2024, income fell from $661k to $533k (-19%), an average of -4.2% a year. The sharpest change came in the year to September 2021, when income rose by 313%. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Martin County Fair sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within MN. Charities of a similar size with the same main cause include Aiken Polo Club Inc ($533k), Central Jersey Rebels Baseball ($533k) and Upper 90 Inc ($532k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 32% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $14k (2.7% of expenses). Other salaries and wages came to $30k. At year end it held assets of $1.5m against liabilities of $70k, net assets of $1.4m. It reported 47 employees.