Lancaster County Agricultural Society Inc

Analysis

Lancaster County Agricultural Society Inc is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in August 1997, 29 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 November 2023, Lancaster County Agricultural Society Inc reported income of $10.7m and spending of $6.6m, leaving 38% of income unspent that year. Across the 5 years on record, from November 2019 to November 2023, income grew from $4.0m to $10.7m (+166%), an average of +28% a year. The sharpest change came in the year to November 2021, when income rose by 143%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lancaster County Agricultural Society Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within NE. Charities of a similar size with the same main cause include State Agricultural & Mechanical Society of South Carolina ($10.7m), Delaware State Fair Inc ($10.8m) and Carolinas Football Club ($10.7m).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 63% and program service revenue 36% of the total. Other salaries and wages came to $2.5m. At year end it held assets of $22.5m against liabilities of $9.7m, net assets of $12.8m. It reported 239 employees.