Lyon County Fair Association

Analysis

Lyon County Fair Association is a registered charity in United States, based in Rock Rapids, IA. It received its IRS tax-exemption ruling in October 1996, 30 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 October 2023, Lyon County Fair Association reported income of $568k and spending of $592k, spending 104% of its income. Across the 5 years on record, from October 2019 to October 2023, income fell from $619k to $568k (-8.1%), an average of -2.1% a year. The sharpest change came in the year to October 2023, when income dropped by 24%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lyon County Fair Association sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within IA. Charities of a similar size with the same main cause include Dunes Volleyball Club Inc ($568k), Shrine Bowl of Kansas Inc ($569k) and Delaware County Phantoms Youth Hockey Club Inc ($568k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $5,835 (1.0% of expenses). Other salaries and wages came to $954. At year end it held assets of $846k against liabilities of $22k, net assets of $824k. It reported 5 employees.