Garland County Fair and Livestock Show Association

Analysis

Garland County Fair and Livestock Show Association is a registered charity in United States, based in Hot Springs, AR. It received its IRS tax-exemption ruling in November 1989, 37 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, Garland County Fair and Livestock Show Association reported income of $480k and spending of $529k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $301k to $480k (+59%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 148% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Garland County Fair and Livestock Show Association sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within AR. Charities of a similar size with the same main cause include Mens Collegiate Lacrosseassociation Inc ($479k), Booger Fund ($480k) and Bridge City Soccer Academy ($479k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 96% of the total. At year end it held assets of $5.0m against liabilities of $10k, net assets of $5.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.