Hardin County Agricultural Society

Analysis

Hardin County Agricultural Society is a registered charity in United States, based in Eldora, IA. It received its IRS tax-exemption ruling in January 2007, 19 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, Hardin County Agricultural Society reported income of $204k and spending of $223k, spending 109% of what it took in. Across the 6 years on record, from September 2019 to September 2024, income fell from $207k to $204k (-1.3%), an average of -0.3% a year. The sharpest change came in the year to September 2021, when income rose by 96%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hardin County Agricultural Society sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 55th percentile within IA. Charities of a similar size with the same main cause include Capitol Homeschool Athletic Program ($204k), Wadena Hockey Club Inc ($204k) and Brookfield Soccer Club Inc ($204k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 36% and program service revenue 64% of the total. Other salaries and wages came to $9,478. At year end it held assets of $568k against liabilities of $0, net assets of $568k. It reported 2 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.