North Iowa Fair Association

Analysis

North Iowa Fair Association is a registered charity in United States, based in Mason City, IA. It received its IRS tax-exemption ruling in April 1993, 33 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 2023, North Iowa Fair Association reported income of $672k and spending of $683k, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $526k to $672k (+28%), an average of +6.3% a year. The sharpest change came in the year to September 2021, when income rose by 78%. Over the whole period it spent 103% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, North Iowa Fair Association sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 77th percentile within IA. Charities of a similar size with the same main cause include Ac Sandhills ($672k), Showtime Baseball of TN ($672k) and Can Play ($671k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 13% and program service revenue 76% of the total. Other salaries and wages came to $156k. At year end it held assets of $748k against liabilities of $6,040, net assets of $742k. It reported 13 employees.