Madison County Fair Association

Analysis

Madison County Fair Association is a registered charity in United States, based in Madisonville, TX. It received its IRS tax-exemption ruling in May 1988, 38 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 August 2023, Madison County Fair Association reported income of $1.1m and spending of $1.1m, spending 97% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $582k to $1.1m (+92%), an average of +18% a year. The sharpest change came in the year to August 2021, when income rose by 120%. Over the whole period it spent 98% 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 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 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Clare County Agricultural Society ($1.1m), Irvine Soccer Academy ($1.1m) and Game Conservancy USA Inc ($1.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.6% and program service revenue 91% of the total. At year end it held assets of $671k against liabilities of $132k, net assets of $539k.