Monona County Fair Association

Analysis

Monona County Fair Association is a registered charity in United States, based in Onawa, IA. It received its IRS tax-exemption ruling in February 2019, 7 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 (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, Monona County Fair Association reported income of $301k and spending of $335k, spending 111% of what it took in. Across the 3 years on record, from September 2021 to September 2023, income fell from $314k to $301k (-4.0%), an average of -2.0% a year. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Monona County Fair Association sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within IA. Charities of a similar size with the same main cause include Melrose Youth Hockey Association Inc ($301k), Nami Pennsylvania ($301k) and Gary Koch Invitational Pro-Am Inc ($301k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 27% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $4,800 (1.4% of expenses). Other salaries and wages came to $224. At year end it held assets of $293k against liabilities of $12k, net assets of $281k. It reported 2 employees.