Seward County Agricultural Society

Analysis

Seward County Agricultural Society is a registered charity in United States, based in Seward, NE. It received its IRS tax-exemption ruling in March 2001, 25 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 June 2024, Seward County Agricultural Society reported income of $972k and spending of $812k, spending 84% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $584k to $972k (+67%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 282%. Over the whole period it spent 52% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Seward County Agricultural Society sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within NE. Charities of a similar size with the same main cause include Ecb Inc ($972k), Players Choice Academy Inc ($973k) and M H Newton Family Life Center ($972k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 78% of the total. Compensation of current officers, directors and key employees was $24k (3.0% of expenses). Other salaries and wages came to $85k. At year end it held assets of $6.2m against liabilities of $17k, net assets of $6.2m. It reported 7 employees.