McLennan County Fair Inc

Analysis

McLennan County Fair Inc is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in April 1954, 72 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, McLennan County Fair Inc reported income of $8.6m and spending of $9.8m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.7m to $8.6m (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2021, when income rose by 145%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, McLennan County Fair 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 94th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Community Action Agency Inc ($8.6m), Neighborhood Self Help by Older Persons Project Inc ($8.6m) and My Brothers Keeper Inc ($8.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $190k (1.9% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $7.1m against liabilities of $1.1m, net assets of $6.1m. It reported 32 employees.