Desoto County Fair Association Inc

Analysis

Desoto County Fair Association Inc is a registered charity in United States, based in Arcadia, FL. It received its IRS tax-exemption ruling in May 1989, 37 years ago. 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 2024, Desoto County Fair Association Inc reported income of $213k and spending of $262k, spending 123% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income fell from $278k to $213k (-24%), an average of -6.5% a year. The sharpest change came in the year to May 2022, when income rose by 111%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Desoto County Fair Association Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within FL. Charities of a similar size with the same main cause include Fresno Police and Neighborhood Watch Association ($213k), 5150 Tourism Development Inc ($213k) and Lincoln County Food Bank Inc ($213k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 21% and program service revenue 79% of the total. At year end it held assets of $532k against liabilities of $0, net assets of $532k.