Clay County Fair Charitable Trust

Analysis

Clay County Fair Charitable Trust is a registered charity in United States, based in Spencer, IA. It received its IRS tax-exemption ruling in September 1993, 33 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 October 2023, Clay County Fair Charitable Trust reported income of $153k and spending of $540k, spending 354% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $135k to $153k (+13%), an average of +3.1% a year. The sharpest change came in the year to October 2020, when income rose by 645%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Clay County Fair Charitable Trust sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within IA. Charities of a similar size with the same main cause include Geneseo Community Chest ($153k), First Baptist Church Foundation of Huntsville Alabama ($153k) and Md5m Lions Kidsight Foundation Inc ($153k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $557k against liabilities of $0, net assets of $557k.