Lake County Agricultural Society Inc

Analysis

Lake County Agricultural Society Inc is a registered charity in United States, based in Painesville, OH. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 November 2023, Lake County Agricultural Society Inc reported income of $1.4m and spending of $1.3m, spending 94% of its income. Across the 5 years on record, from November 2019 to November 2023, income grew from $964k to $1.4m (+42%), an average of +9.2% a year. The sharpest change came in the year to November 2021, when income rose by 43%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lake County Agricultural Society Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within OH. Charities of a similar size with the same main cause include Sacred Pipe Resource Center ($1.4m), Smoky Mountain Service Dogs ($1.4m) and Hearsee ($1.4m).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $30k (2.3% of expenses). Other salaries and wages came to $132k. At year end it held assets of $554k against liabilities of $0, net assets of $554k. It reported 3 employees.