Freestone County Fair Association Inc

Analysis

Freestone County Fair Association Inc is a registered charity in United States, based in Teague, TX. It received its IRS tax-exemption ruling in November 1988, 38 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 September 2024, Freestone County Fair Association Inc reported income of $1.0m and spending of $2.0m, spending 189% of what it took in. Across the 5 years on record, from September 2020 to September 2024, income grew from $531k to $1.0m (+94%), an average of +18% a year. The sharpest change came in the year to September 2021, when income rose by 80%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Freestone County Fair Association Inc sits at the 78th percentile: it is larger than about 78% 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 Boys and Girls Club of Beeville Inc ($1.0m), North Whidbey Help ($1.0m) and League of St Michael Inc ($1.0m).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 1.8% and program service revenue 98% of the total. At year end it held assets of $472k against liabilities of $0, net assets of $472k.