Fredericksburg Agricultural Fair Inc

Analysis

Fredericksburg Agricultural Fair Inc is a registered charity in United States, based in Fredericksbrg, VA. It received its IRS tax-exemption ruling in August 1956, 70 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, Fredericksburg Agricultural Fair Inc reported income of $618k and spending of $526k, spending 85% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $479k to $618k (+29%), an average of +6.6% a year. The sharpest change came in the year to October 2021, when income rose by 357%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Fredericksburg Agricultural Fair Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within VA. Charities of a similar size with the same main cause include KHS Athletic Booster Club Inc ($618k), The Granite City Lumberjacks Inc ($618k) and East Hills Recreation Commission ($618k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 2.2% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $29k (5.6% of expenses). Other salaries and wages came to $77k. At year end it held assets of $688k against liabilities of $3,118, net assets of $685k. It reported 11 employees.