Louisa County Fair Association

Analysis

Louisa County Fair Association is a registered charity in United States, based in Columbus JCT, IA. It received its IRS tax-exemption ruling in December 2011, 15 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 September 2023, Louisa County Fair Association reported income of $162k and spending of $134k, spending 83% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $143k to $162k (+13%), an average of +3.1% a year. The sharpest change came in the year to September 2022, when income rose by 203%. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Louisa County Fair Association sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within IA. Charities of a similar size with the same main cause include Twinless Twins Inc ($162k), Football Club West ($162k) and Des Moines Disc Golf Club ($162k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 22% and program service revenue 58% of the total. At year end it held assets of $1.3m against liabilities of $29k, net assets of $1.3m.