North Texas State Fair Association

Analysis

North Texas State Fair Association is a registered charity in United States, based in Denton, TX. It received its IRS tax-exemption ruling in March 1986, 40 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 December 2023, North Texas State Fair Association reported income of $3.4m and spending of $3.4m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $3.4m (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Texas State Fair Association sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Washington County Handicapped Services ($3.4m), Echo Hose Hook and Ladder Ambulance Corps Inc ($3.4m) and Saint Katharine Drexel Retirementcenter Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $137k (4.0% of expenses). Other salaries and wages came to $124k. At year end it held assets of $1.8m against liabilities of $592k, net assets of $1.2m. It reported 3 employees.