Davis County Agricultural Society

Analysis

Davis County Agricultural Society is a registered charity in United States, based in Bloomfield, IA. It received its IRS tax-exemption ruling in August 1953, 73 years ago. 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, Davis County Agricultural Society reported income of $548k and spending of $484k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $324k to $548k (+69%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 107%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Davis County Agricultural Society sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within IA. Charities of a similar size with the same main cause include Dogs to Dog Tags Inc ($548k), Leadership Toledo ($548k) and Big Brothers Big Sisters of West Al ($548k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. At year end it held assets of $1.1m against liabilities of $94k, net assets of $989k.