Lake Agriculture & Youth Fair Association Inc

Analysis

Lake Agriculture & Youth Fair Association Inc is a registered charity in United States, based in Eustis, FL. It received its IRS tax-exemption ruling in January 1996, 30 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 June 2023, Lake Agriculture & Youth Fair Association Inc reported income of $460k and spending of $527k, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $662k to $460k (-31%), an average of -8.7% a year. The sharpest change came in the year to June 2021, when income rose by 1071%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lake Agriculture & Youth Fair Association Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include Teacup Lake Nordic Club ($459k), Caldwell County Fair Association ($460k) and Mountaineer Hockey Incorporated ($459k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $52k (9.9% of expenses). Other salaries and wages came to $56k. At year end it held assets of $359k against liabilities of $576, net assets of $358k. It reported 20 employees.