Limestone County Fair Association

Analysis

Limestone County Fair Association is a registered charity in United States, based in Groesbeck, TX. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Limestone County Fair Association reported income of $535k and spending of $334k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3,927 to $535k (+13519%), an average of +242% a year. The sharpest change came in the year to December 2021, when income rose by 3115%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Limestone County Fair Association sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Wise County Christian Schools Inc ($535k), Assistance League of Bend ($535k) and Orchard View Elderly Housing Inc ($535k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $259k against liabilities of $0, net assets of $259k.