Mitchell County Agricultural Society

Analysis

Mitchell County Agricultural Society is a registered charity in United States, based in Little Cedar, IA. It received its IRS tax-exemption ruling in August 1940, 86 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2024, Mitchell County Agricultural Society reported income of $1.2m and spending of $485k, leaving 60% of income unspent that year. Across the 6 years on record, from September 2019 to September 2024, income grew from $315k to $1.2m (+281%), an average of +31% a year. The sharpest change came in the year to September 2021, when income rose by 249%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mitchell County Agricultural Society sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within IA. Charities of a similar size with the same main cause include Aston Township Fire Department ($1.2m), Everglades Area Health Education Center Inc ($1.2m) and Booth Residence Inc ($1.2m).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 70% and program service revenue 28% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m. It reported 1 employees.