Citrus County Fair Association Inc

Analysis

Citrus County Fair Association Inc is a registered charity in United States, based in Inverness, FL. It received its IRS tax-exemption ruling in May 1995, 31 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 May 2023, Citrus County Fair Association Inc reported income of $1.9m and spending of $1.9m, spending 98% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $921k to $1.9m (+106%), an average of +20% a year. The sharpest change came in the year to May 2021, when income rose by 105%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Citrus County Fair Association Inc 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 87th percentile within FL. Charities of a similar size with the same main cause include Desert Youth Hockey Association Inc ($1.9m), Bismarck Hockey Boosters Inc ($1.9m) and Youth Golf Foundation of the Carolinas ($1.9m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 26% and program service revenue 68% of the total. Other salaries and wages came to $148k. At year end it held assets of $983k against liabilities of $14k, net assets of $970k. It reported 23 employees.