Howard County Agricultural Society

Analysis

Howard County Agricultural Society is a registered charity in United States, based in Cresco, IA. It received its IRS tax-exemption ruling in May 1990, 36 years ago. 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 2023, Howard County Agricultural Society reported income of $794k and spending of $666k, spending 84% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $153k to $794k (+420%), an average of +73% a year. The sharpest change came in the year to September 2021, when income rose by 363%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Howard County Agricultural Society sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within IA. Charities of a similar size with the same main cause include Hoike-Kauai Community Television Inc ($794k), Phi Theta Kappa Fraternity ($794k) and Terrapins Swim Team ($794k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. At year end it held assets of $7.3m against liabilities of $107k, net assets of $7.2m.