Hancock County Agricultural Society

Analysis

Hancock County Agricultural Society is a registered charity in United States, based in Britt, IA. It received its IRS tax-exemption ruling in January 1956, 70 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 August 2024, Hancock County Agricultural Society reported income of $1.1m and spending of $1.1m, spending 103% of its income. Across the 5 years on record, from August 2020 to August 2024, income grew from $394k to $1.1m (+174%), an average of +29% a year. The sharpest change came in the year to August 2021, when income rose by 98%. 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, Hancock County Agricultural Society sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within IA. Charities of a similar size with the same main cause include American Civil Liberties Union Foundation of Rhode Island ($1.1m), Box Elder Community Pantry ($1.1m) and Anacortes Schools Foundation ($1.1m).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 7.0% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $21k (1.9% of expenses). At year end it held assets of $615k against liabilities of $37k, net assets of $578k. It reported 1 employees.