Charlotte County Fair Association Inc

Analysis

Charlotte County Fair Association Inc is a registered charity in United States, based in Pt Charlotte, FL. It received its IRS tax-exemption ruling in October 1990, 36 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 March 2024, Charlotte County Fair Association Inc reported income of $542k and spending of $458k, spending 85% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $320k to $542k (+69%), an average of +14% a year. The sharpest change came in the year to March 2023, when income rose by 54%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Charlotte County Fair Association Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Monmouth United Soccer Club Inc ($542k), Shotokan Karate of America Inc ($542k) and Arlington County Fair Inc ($541k).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 81% of the total. Compensation of current officers, directors and key employees was $85k (19% of expenses). Other salaries and wages came to $30k. At year end it held assets of $1.6m against liabilities of $300k, net assets of $1.3m. It reported 1 employees.