Highlands County Fair Association Inc

Analysis

Highlands County Fair Association Inc is a registered charity in United States, based in Sebring, FL. It received its IRS tax-exemption ruling in May 1985, 41 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, Highlands County Fair Association Inc reported income of $1.5m and spending of $1.6m, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $884k to $1.5m (+71%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Highlands County 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 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include Smithtown Kickers Inc ($1.5m), Palo Alto Swim Club ($1.5m) and New Jersey Camp Jaycee Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. Other salaries and wages came to $107k. At year end it held assets of $2.6m against liabilities of $59k, net assets of $2.6m. It reported 8 employees.