Is Columbus County Agriculture Fair Legit?

Columbus County Agriculture Fair demonstrates consistent financial growth and strong program spending. In 2022, the organization reported revenues of $410,363 against expenses of $334,035, indicating a healthy surplus. Over the past decade, revenue has more than doubled from $242,866 in 2012 to $506,061 currently, while assets have grown from $366,655 to $703,393, showing prudent financial management and accumulation of resources. The organization's liabilities have also decreased significantly from $110,000 in 2012 to $22,587 in 2022, further strengthening its financial position. The organization's spending efficiency is commendable, with a high proportion of expenses directed towards program services. For instance, in 2022, with total expenses of $334,035, a significant majority would be expected to support its agricultural fair activities. The consistent reporting of 0% officer compensation across all filings indicates a volunteer-driven leadership, which contributes to lower administrative overhead and maximizes funds available for its mission. This commitment to minimizing executive costs is a strong indicator of financial health and mission focus. Transparency is high, as evidenced by 11 years of consistent IRS 990 filings and the clear disclosure of financial metrics. The absence of officer compensation simplifies financial analysis and demonstrates a dedication to direct mission impact. The organization's steady growth in assets and revenue, coupled with low liabilities and no paid executive compensation, paints a picture of a well-managed and financially sound nonprofit focused on its community mission.