Kitsap Fair and Stampede Association

Analysis

Kitsap Fair and Stampede Association is a registered charity in United States, based in Bremerton, WA. It received its IRS tax-exemption ruling in March 2023, 3 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, Kitsap Fair and Stampede Association reported income of $1.9m and spending of $1.6m, spending 85% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $822k to $1.9m (+126%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 526%. Over the whole period it spent 78% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Kitsap Fair and Stampede Association sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within WA. Charities of a similar size with the same main cause include First Tee Greater Charleston ($1.9m), St Petersburg Baseball Commission Inc ($1.9m) and The Village Green of Cashiers Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.6% and program service revenue 94% of the total. Other salaries and wages came to $225k. At year end it held assets of $633k against liabilities of $4,089, net assets of $629k. It reported 35 employees.