Humboldt County Agricultural Society

Analysis

Humboldt County Agricultural Society is a registered charity in United States, based in Humboldt, IA. It received its IRS tax-exemption ruling in May 2011, 15 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, Humboldt County Agricultural Society reported income of $333k and spending of $348k, spending 104% of its income. Across the 5 years on record, from September 2020 to September 2024, income grew from $128k to $333k (+160%), an average of +27% a year. The sharpest change came in the year to September 2021, when income rose by 146%. Over the whole period it spent 83% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Humboldt County Agricultural Society sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within IA. Charities of a similar size with the same main cause include Gold Challenge Cup Foundation Inc ($333k), Santa Monica Vikings Youth Lacrosse ($333k) and Riverton Babe Ruth League ($333k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 26% and program service revenue 72% of the total. At year end it held assets of $1.1m against liabilities of $240k, net assets of $880k.