Eddy County Fair Association

Analysis

Eddy County Fair Association is a registered charity in United States, based in Carlsbad, NM. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Eddy County Fair Association reported income of $3.1m and spending of $2.5m, spending 83% of its income. Across the 5 years on record, from December 2017 to December 2023, income grew from $125k to $3.1m (+2338%), an average of +122% a year. The sharpest change came in the year to December 2021, when income rose by 1151%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Eddy County Fair Association sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within NM. Charities of a similar size with the same main cause include Fine Arts Work Center in Provincetown Inc ($3.1m), Scottsdale Museum of the West Inc ($3.1m) and Arts in Stark ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.3% and program service revenue 97% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.