Kansas Fairgrounds Foundation

Analysis

Kansas Fairgrounds Foundation is a registered charity in United States, based in Hutchinson, KS. It received its IRS tax-exemption ruling in April 2004, 22 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kansas Fairgrounds Foundation reported income of $1.3m and spending of $1.8m, spending 146% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $220k to $1.3m (+470%), an average of +79% a year. The sharpest change came in the year to December 2021, when income rose by 206%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kansas Fairgrounds Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within KS. Charities of a similar size with the same main cause include Lvtrise ($1.3m), Hummingbird Day Care Ministry & Nursery School ($1.3m) and Housing Capital Corporation of Virginia ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 8.4% of the total. Compensation of current officers, directors and key employees was $80k (4.4% of expenses). Other salaries and wages came to $31k. At year end it held assets of $272k against liabilities of $439k, net assets of -$167k. It reported 3 employees.