Rio Grande Valley Livestock Show Inc

Analysis

Rio Grande Valley Livestock Show Inc is a registered charity in United States, based in Mercedes, TX. It received its IRS tax-exemption ruling in August 1950, 76 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 April 2023, Rio Grande Valley Livestock Show Inc reported income of $5.8m and spending of $5.4m, spending 92% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $5.2m to $5.8m (+12%), an average of +2.9% a year. The sharpest change came in the year to April 2022, when income rose by 389%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rio Grande Valley Livestock Show Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Halifax Management System Inc ($5.8m), Milwaukee Public Museum Endowment F Und ($5.8m) and Asthma & Allergy Foundation of America National ($5.8m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 20% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $93k (1.7% of expenses). Other salaries and wages came to $568k. At year end it held assets of $10.3m against liabilities of $3.9m, net assets of $6.4m. It reported 32 employees.