Hopkins County Fair Incorporated

Analysis

Hopkins County Fair Incorporated is a registered charity in United States, based in Madisonville, KY. It received its IRS tax-exemption ruling in September 1979, 47 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 2023, Hopkins County Fair Incorporated reported income of $464k and spending of $551k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $449k to $464k (+3.4%), an average of +0.9% a year. The sharpest change came in the year to December 2021, when income rose by 211%. Over the whole period it spent 113% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hopkins County Fair Incorporated sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within KY. Charities of a similar size with the same main cause include Arsenal Volleyball Academy Inc ($464k), Cowboys Rest Christian Camp & Retreat Center ($465k) and Northeast Oklahoma Futball Club ($464k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $32k (5.9% of expenses). Other salaries and wages came to $58k. At year end it held assets of $1.7m against liabilities of $98k, net assets of $1.6m. It reported 8 employees.