Santa Clara County Fair Grounds Management Corporation Inc

Analysis

Santa Clara County Fair Grounds Management Corporation Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in June 1997, 29 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, Santa Clara County Fair Grounds Management Corporation Inc reported income of $8.4m and spending of $10.2m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.8m to $8.4m (+7.7%), an average of +1.9% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Santa Clara County Fair Grounds Management Corporation Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include First Serve - NM Inc ($8.4m), Rose Fitzgerald Kennedy Greenway Conservancy Inc ($8.4m) and Santa Barbara Bowl Foundation ($8.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $333k (3.3% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $6.5m against liabilities of $1.3m, net assets of $5.2m. It reported 20 employees.