Bremer County Fair Association

Analysis

Bremer County Fair Association is a registered charity in United States, based in Sumner, IA. It received its IRS tax-exemption ruling in June 2010, 16 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 (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, Bremer County Fair Association reported income of $1.4m and spending of $635k, leaving 56% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $568k to $1.4m (+151%), an average of +26% a year. The sharpest change came in the year to September 2021, when income rose by 86%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bremer County Fair Association sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within IA. Charities of a similar size with the same main cause include Pennsylvania State Association of County Fairs ($1.4m), Communities in Schools of Galveston County Inc ($1.4m) and Cardboard Project ($1.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 79% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $6,575 (1.0% of expenses). Other salaries and wages came to $6,875. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m. It reported 13 employees.