Iowa County Fair Incorporated

Analysis

Iowa County Fair Incorporated is a registered charity in United States, based in Marengo, IA. It received its IRS tax-exemption ruling in January 1954, 72 years ago. 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 December 2023, Iowa County Fair Incorporated reported income of $167k and spending of $195k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $134k to $167k (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Iowa County Fair Incorporated sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within IA. Charities of a similar size with the same main cause include Streams in the Desert International Inc ($167k), Twin Cities Womens Choir ($167k) and Journey Pregnancy & Life Hub ($167k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 72% of the total. At year end it held assets of $784k against liabilities of $0, net assets of $784k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.