State Fair of Texas

Analysis

State Fair of Texas is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in June 1951, 75 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, State Fair of Texas reported income of $77.7m and spending of $67.3m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $62.6m to $77.7m (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2021, when income rose by 1210%. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, State Fair of Texas sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include United State Olympic and Paralympic Properties LLC ($71.6m), Mountain West Conference ($78.2m) and Energy Outreach Colorado ($71.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.1% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $4.3m (6.4% of expenses). Other salaries and wages came to $12.3m. At year end it held assets of $144.2m against liabilities of $41.7m, net assets of $102.5m. It reported 2,420 employees.