Galveston County Fair and Rodeo Inc

Analysis

Galveston County Fair and Rodeo Inc is a registered charity in United States, based in Hitchcock, TX. It received its IRS tax-exemption ruling in July 1964, 62 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 June 2023, Galveston County Fair and Rodeo Inc reported income of $2.6m and spending of $2.5m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $2.6m (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2021, when income rose by 152%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Galveston County Fair and Rodeo Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Penfield Addiction Ministries Inc ($2.6m), Sadd Inc ($2.6m) and Cooperative Libraries Automated Network ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.3% and program service revenue 92% of the total. Other salaries and wages came to $48k. At year end it held assets of $1.7m against liabilities of $420k, net assets of $1.3m. It reported 3 employees.