Albemarle County Fair Inc

Analysis

Albemarle County Fair Inc is a registered charity in United States, based in Greenwood, VA. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Albemarle County Fair Inc reported income of $74k and spending of $82k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $52k to $74k (+43%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Albemarle County Fair Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 28th percentile within VA. Charities of a similar size with the same main cause include Slammin Famine ($74k), Anointed Communities in Transition Inc ($74k) and Matthew 25 Ministries ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. At year end it held assets of $91k against liabilities of $66, net assets of $91k.