Socorro County Fair & Rodeo Assoc

Analysis

Socorro County Fair & Rodeo Assoc is a registered charity in United States, based in Socorro, NM. It received its IRS tax-exemption ruling in June 2018, 8 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 December 2023, Socorro County Fair & Rodeo Assoc reported income of $487k and spending of $417k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $243k to $487k (+100%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 108%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Socorro County Fair & Rodeo Assoc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within NM. Charities of a similar size with the same main cause include Cambodia Job Foundation ($487k), Crossroads Mission Enterprises Inc ($487k) and Amerikids Christian Center ($487k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 83% of the total. At year end it held assets of $451k against liabilities of $0, net assets of $451k.