Washington County Fairground Inc

Analysis

Washington County Fairground Inc is a registered charity in United States, based in Abingdon, VA. It received its IRS tax-exemption ruling in July 1993, 33 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, Washington County Fairground Inc reported income of $380k and spending of $432k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $349k to $380k (+8.9%), an average of +2.2% a year. The sharpest change came in the year to December 2021, when income rose by 235%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Washington County Fairground 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 66th percentile, and in the 65th percentile within VA. Charities of a similar size with the same main cause include New Way Circus Center Inc ($380k), Haddonfield Soccer Club Inc ($380k) and Future Athletes of Louisiana Inc ($380k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.8% and program service revenue 76% of the total. At year end it held assets of $822k against liabilities of $306k, net assets of $516k.