Sarasota County Agricultural Fair Association Incorporated

Analysis

Sarasota County Agricultural Fair Association Incorporated is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in April 1971, 55 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 2024, Sarasota County Agricultural Fair Association Incorporated reported income of $2.0m and spending of $1.7m, spending 85% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $119k to $2.0m (+1610%), an average of +103% a year. The sharpest change came in the year to June 2021, when income rose by 1017%. Over the whole period it spent 105% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sarasota County Agricultural Fair Association Incorporated sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Mudsock Youth Athletics ($2.0m), Triple R Ranch Inc ($2.0m) and Metropolitan Oval Foundation Inc ($2.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 30% and program service revenue 49% of the total. Other salaries and wages came to $388k. At year end it held assets of $3.4m against liabilities of $217k, net assets of $3.2m. It reported 24 employees.