Boone County Agricultural Education Center Inc

Analysis

Boone County Agricultural Education Center Inc is a registered charity in United States, based in Albion, NE. It received its IRS tax-exemption ruling in July 2019, 7 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 (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, Boone County Agricultural Education Center Inc reported income of $167k and spending of $119k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $772k to $167k (-78%), an average of -32% a year. The sharpest change came in the year to December 2020, when income dropped by 48%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Boone County Agricultural Education Center Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NE. Charities of a similar size with the same main cause include Kisses From Friends Inc ($167k), Outfitters Inc ($167k) and Echo Meals on Wheels West Inc ($167k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. At year end it held assets of $235k against liabilities of $0, net assets of $235k.