Is Franklin County Agricultural Society Legit?

The Franklin County Agricultural Society demonstrates consistent financial activity, primarily focused on its mission given its operational nature. Over the past several years, the organization has maintained a healthy revenue stream, with the latest reported revenue at $1,068,170. Its expenses generally track closely with revenue, indicating that most funds are utilized for current operations rather than significant accumulation. For instance, in 2023, revenue was $1,002,029 against expenses of $885,591, showing a surplus that contributes to its asset base. The organization's financial health appears stable, with assets fluctuating but generally showing growth in recent years, reaching $397,904 in the latest period. A notable strength is the consistent reporting of zero liabilities across all available filings, suggesting a very strong balance sheet and no reliance on debt. This indicates excellent financial management and a low-risk profile. The absence of reported officer compensation further enhances its transparency and suggests a volunteer-driven leadership model, which is highly efficient for a nonprofit of this size. Spending efficiency is high, as evidenced by the close alignment of expenses to revenue and the lack of officer compensation. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the overall financial picture suggests that the vast majority of funds are directed towards the organization's agricultural society activities. The consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to transparency and regulatory compliance.