Lorain County Agricultural Society

Analysis

Lorain County Agricultural Society is a registered charity in United States, based in Wellington, OH. It received its IRS tax-exemption ruling in March 2022, 4 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending November 2023, Lorain County Agricultural Society reported income of $2.9m and spending of $1.8m, leaving 38% of income unspent that year. The sharpest change came in the year to November 2023, when income dropped by 41%. Over the whole period it spent 64% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lorain County Agricultural Society sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Utah High School Mountain Biking ($2.9m), Fargo Park District Foundation ($2.9m) and Carter Community Building Association ($2.9m).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 36% and program service revenue 53% of the total. Other salaries and wages came to $281k. It paid $123k in professional fundraising fees. At year end it held assets of $5.7m against liabilities of $972k, net assets of $4.7m. It reported 130 employees.