Is Howard County Fair And Livestock Association Legit?

The Howard County Fair And Livestock Association demonstrates consistent financial activity, with revenues generally covering expenses over the past decade. In 2023, the organization reported revenues of $219,852 against expenses of $228,670, indicating a slight deficit for the year. However, its asset base has remained stable, growing from $645,996 in 2014 to $669,869 in 2023, suggesting long-term financial stability. The organization's liabilities have been minimal or zero for most of the period, though they increased to $27,078 in 2023, which warrants monitoring. Spending efficiency appears to be reasonable given the nature of a fair and livestock association, which often involves significant operational costs for events and facilities. The consistent reporting of 0% officer compensation across all filings indicates a volunteer-driven leadership, which is a strong positive for efficiency and donor trust. The organization's NTEE code N52 (Fairs, Festivals, Agricultural) aligns with its name and mission, suggesting a clear program focus. Transparency is high due to the consistent filing of IRS Form 990s and the clear reporting of financial figures. The absence of officer compensation further enhances trust, as it implies that resources are directed towards the organization's mission rather than executive salaries. Overall, the association appears to be a well-managed entity with a clear purpose and responsible financial practices, albeit with some recent increases in liabilities.