Madison County Fair Incorporated

Analysis

Madison County Fair Incorporated is a registered charity in United States, based in Madison, VA. It received its IRS tax-exemption ruling in May 1991, 35 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, Madison County Fair Incorporated reported income of $137k and spending of $120k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $134k to $137k (+2.0%), an average of +2.0% a year. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Madison County Fair Incorporated sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within VA. Charities of a similar size with the same main cause include United States Bowling Congress Inc ($137k), Little League Baseball Inc ($137k) and Norwalk Area Friends of Youth Sports Inc ($137k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 3.9% and program service revenue 96% of the total. At year end it held assets of $162k against liabilities of $0, net assets of $162k.