Monroe County Fair Association Inc

Analysis

Monroe County Fair Association Inc is a registered charity in United States, based in Bloomington, IN. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Monroe County Fair Association Inc reported income of $686k and spending of $859k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $532k to $686k (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2021, when income rose by 141%. Over the whole period it spent 119% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Monroe County Fair Association Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within IN. Charities of a similar size with the same main cause include Woburn Public Media Center Inc ($686k), The Residency ($686k) and Maui Academy of Performing Arts ($686k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 89% of the total. Other salaries and wages came to $25k. At year end it held assets of $1.1m against liabilities of $5,918, net assets of $1.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.