Friends of the Fairgrounds Inc

Analysis

Friends of the Fairgrounds Inc is a registered charity in United States, based in Miles City, MT. It received its IRS tax-exemption ruling in October 2015, 11 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 December 2023, Friends of the Fairgrounds Inc reported income of $51k and spending of $39k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $27k to $51k (+84%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 86%. 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, Friends of the Fairgrounds Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 16th percentile within MT. Charities of a similar size with the same main cause include So Cal Independent Fastpitch League ($51k), Avon Wrestling Club Inc ($51k) and Aberdeen Gem Trail Foundation ($51k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $90k against liabilities of $0, net assets of $90k.