Russell County Fair Assoc Inc

Analysis

Russell County Fair Assoc Inc is a registered charity in United States, based in Lebanon, VA. It received its IRS tax-exemption ruling in September 1958, 68 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, Russell County Fair Assoc Inc reported income of $222k and spending of $183k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $231k to $222k (-3.9%), an average of -1.0% a year. The sharpest change came in the year to December 2021, when income rose by 389%. Over the whole period it spent 87% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Russell County Fair Assoc Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within VA. Charities of a similar size with the same main cause include Harrisburg Hunters and Anglers Assoc Inc ($222k), Lyons Football Club ($222k) and Road Runners Club of America ($222k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 85% of the total. At year end it held assets of $727k against liabilities of $300, net assets of $727k.