Maryland State Fair and Agricultural Society Inc

Analysis

Maryland State Fair and Agricultural Society Inc is a registered charity in United States, based in Timonium, MD. It received its IRS tax-exemption ruling in November 1953, 73 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 October 2023, Maryland State Fair and Agricultural Society Inc reported income of $7.0m and spending of $7.8m, spending 111% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $6.3m to $7.0m (+13%), an average of +3.0% a year. The sharpest change came in the year to October 2021, when income rose by 421%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Maryland State Fair and 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 94th percentile, and in the 93rd percentile within MD. Charities of a similar size with the same main cause include Special Olympics Maryland Inc ($7.0m), Metropolitan Richmond Sports Backers Inc ($7.1m) and Lincoln Youth Complex ($7.0m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 12% and program service revenue 80% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $18.0m against liabilities of $2.3m, net assets of $15.7m. It reported 360 employees.