Madison County Fair Association Inc

Analysis

Madison County Fair Association Inc is a registered charity in United States, based in Huntsville, AR. It received its IRS tax-exemption ruling in May 1992, 34 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, Madison County Fair Association Inc reported income of $150k and spending of $280k, spending 187% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $245k to $150k (-39%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Madison County Fair Association Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within AR. Charities of a similar size with the same main cause include Republic Athletics Booster Club ($150k), Wagon Wheel Figure Skating Club Inc ($150k) and Crush Baseball Club Inc ($150k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 95% of the total. It paid $35k in professional fundraising fees. At year end it held assets of $94k against liabilities of $0, net assets of $94k.