Laredo International Fair and Exposition

Analysis

Laredo International Fair and Exposition is a registered charity in United States, based in Laredo, TX. It received its IRS tax-exemption ruling in July 1973, 53 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 May 2023, Laredo International Fair and Exposition reported income of $1.5m and spending of $1.2m, leaving 20% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $605k to $1.5m (+150%), an average of +26% a year. The sharpest change came in the year to May 2022, when income rose by 433%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Laredo International Fair and Exposition sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Alianza of New Mexico ($1.5m), Blue Mountain Center of Meditation Inc ($1.5m) and Young Child Associates ($1.5m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. Other salaries and wages came to $222k. At year end it held assets of $1.3m against liabilities of -$49k, net assets of $1.4m. It reported 5 employees.