Chesterfield County Fair Association

Analysis

Chesterfield County Fair Association is a registered charity in United States, based in Chesterfield, VA. It received its IRS tax-exemption ruling in March 1999, 27 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 December 2023, Chesterfield County Fair Association reported income of $719k and spending of $738k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $486k to $719k (+48%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 11917%. Over the whole period it spent 75% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Chesterfield County Fair Association sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within VA. Charities of a similar size with the same main cause include Eagleclaw Foundation ($718k), Manasota Youth Travel Hockey Inc ($719k) and Catawba Valley Blast Soccer Club ($718k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $28k (3.7% of expenses). At year end it held assets of $821k against liabilities of $0, net assets of $821k.