Is Clay County Agricutural Society Legit?

The Clay County Agricultural Society demonstrates consistent financial health with a strong asset base and no reported liabilities in its most recent filing (202106), indicating sound financial management. The organization has consistently maintained positive net assets over the years, growing from $340,127 in 2012 to $471,726 in 2021. While specific program spending details are not provided in the summary data, the consistent positive difference between revenue and expenses in most years suggests efficient operations. The absence of officer compensation reported across all filings indicates a volunteer-driven leadership, which is a positive sign for donor confidence and efficient use of funds. The organization's revenue has fluctuated, with a high of $187,697 in 2019 and a low of $106,464 in 2021. Despite these fluctuations, expenses have generally been kept well below revenue, leading to an accumulation of assets. The significant reduction in liabilities from $172,675 in 2012 to $0 in 2021 is a remarkable achievement, showcasing strong financial stewardship and a commitment to fiscal responsibility. This trend suggests a well-managed organization focused on long-term sustainability.