Boone County Agricultural Association

Analysis

Boone County Agricultural Association is a registered charity in United States, based in Boone, IA. It received its IRS tax-exemption ruling in August 1994, 32 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 2023, Boone County Agricultural Association reported income of $595k and spending of $706k, spending 119% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $423k to $595k (+40%), an average of +8.9% a year. The sharpest change came in the year to September 2021, when income rose by 83%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boone County Agricultural Association sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within IA. Charities of a similar size with the same main cause include Old Lyme Childrens Learning Center Inc ($595k), Bedford Free Library ($595k) and Ohio Township Volunteer Fire Company of Allegheny County ($594k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 44% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $32k (4.5% of expenses). At year end it held assets of $148k against liabilities of $31k, net assets of $116k. It reported 1 employees.