Linn County Fair Association

Analysis

Linn County Fair Association is a registered charity in United States, based in Central City, IA. It received its IRS tax-exemption ruling in October 2008, 18 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Linn County Fair Association reported income of $718k and spending of $719k, spending 100% of its income. Across the 5 years on record, from September 2020 to September 2024, income grew from $249k to $718k (+188%), an average of +30% a year. The sharpest change came in the year to September 2021, when income rose by 115%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Linn County Fair Association sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 78th percentile within IA. Charities of a similar size with the same main cause include Long Beach Forward Inc ($718k), Shell Lake Arts Center Inc ($718k) and The Lincoln Park Society ($717k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 5.6% and program service revenue 91% of the total. Other salaries and wages came to $46k. At year end it held assets of $850k against liabilities of $218k, net assets of $633k. It reported 5 employees.