Fair and Exposition Society of Jones County Inc

Analysis

Fair and Exposition Society of Jones County Inc is a registered charity in United States, based in Monticello, IA. It received its IRS tax-exemption ruling in October 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fair and Exposition Society of Jones County Inc reported income of $4.6m and spending of $3.2m, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $4.6m (+50%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 2128%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Fair and Exposition Society of Jones County Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IA. Charities of a similar size with the same main cause include Downtown Boxing Gym Youth Program ($4.6m), Tampa Bay United Inc ($4.6m) and Quogue Sports Institute ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $57k (1.8% of expenses). Other salaries and wages came to $135k. At year end it held assets of $7.3m against liabilities of $1,779, net assets of $7.3m. It reported 234 employees.