Floyd County Fair Society

Analysis

Floyd County Fair Society is a registered charity in United States, based in Charles City, IA. It received its IRS tax-exemption ruling in December 1987, 39 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 2024, Floyd County Fair Society reported income of $467k and spending of $418k, spending 90% of its income. Across the 6 years on record, from September 2019 to September 2024, income fell from $616k to $467k (-24%), an average of -5.4% a year. The sharpest change came in the year to September 2023, when income dropped by 24%. Over the whole period it spent 81% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Floyd County Fair Society sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within IA. Charities of a similar size with the same main cause include Fort Hill Christian Youth Camp ($467k), Wausau Events Inc ($468k) and The Owensboro-Daviess County Tennis Association Inc ($467k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 34% and program service revenue 28% of the total. At year end it held assets of $1.8m against liabilities of $11k, net assets of $1.8m.