Greater Jacksonville Agricultural Fair Association Inc

Analysis

Greater Jacksonville Agricultural Fair Association Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in January 1957, 69 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 2022, Greater Jacksonville Agricultural Fair Association Inc reported income of $1.6m and spending of $1.2m, leaving 27% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.2m to $1.6m (+36%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 1483%. Over the whole period it spent 85% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Greater Jacksonville Agricultural Fair Association Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Hoop Bus Inc ($1.6m), Lightning Basketball Inc ($1.6m) and Allegheny Hockey Association ($1.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.9% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $179k (15% of expenses). Other salaries and wages came to $15k. At year end it held assets of $6.9m against liabilities of $1.1m, net assets of $5.8m. It reported 118 employees.