Madison County Agricultural Society

Analysis

Madison County Agricultural Society is a registered charity in United States, based in Madison, NE. It received its IRS tax-exemption ruling in October 1996, 30 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Madison County Agricultural Society reported income of $1.1m and spending of $918k, spending 87% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $783k to $1.1m (+35%), an average of +7.7% a year. The sharpest change came in the year to June 2022, when income rose by 40%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Madison County Agricultural Society sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within NE. Charities of a similar size with the same main cause include Airport Artic Foxes Youth Hockey Association ($1.1m), Wendy Hilliard Foundation ($1.1m) and Betsey Mills Corporation ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.5% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $15k (1.6% of expenses). Other salaries and wages came to $82k. At year end it held assets of $4.1m against liabilities of $3,760, net assets of $4.1m. It reported 4 employees.