Adams County Fair And Racing Assoc
EIN: 391889341 · Corning, IA · NTEE: A23Z
Is Adams County Fair And Racing Assoc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Adams County Fair And Racing Assoc
Adams County Fair And Racing Assoc (EIN: 391889341) is a nonprofit organization based in Corning, IA, classified under NTEE code A23Z. The organization reported total revenue of $815K and total assets of $105K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Adams County Fair And Racing Assoc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Adams County Fair And Racing Assoc is a small nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $524K |
| Total Expenses | $493K |
| Surplus / Deficit | +$31K |
| Total Assets | $104K |
| Net Assets | $104K |
| Operating Margin | 5.9% |
| Months of Reserves | 2.5 months |
Financial Health Grade: A
In 2023, Adams County Fair And Racing Assoc reported a surplus of $31K with revenue exceeding expenses, holds 2.5 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Adams County Fair And Racing Assoc's revenue has grown at a compound annual growth rate (CAGR) of 20.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.6% | +14.9% | +42.1% |
| 2022 | +37.3% | +33.6% | +21.0% |
| 2021 | +110.6% | +174.7% | -53.7% |
| 2020 | +59.4% | -1.6% | +37.6% |
| 2019 | +11.1% | +40.2% | -1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Adams County Fair And Racing Assoc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Adams County Fair And Racing Assoc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $31K, with revenue exceeding expenses.
Frequently Asked Questions about Adams County Fair And Racing Assoc
Is Adams County Fair And Racing Assoc a legitimate charity?
Based on AI analysis of IRS 990 filings, Adams County Fair And Racing Assoc (EIN: 391889341) insufficient data. 0 red flags identified, 0 strengths noted.
How does Adams County Fair And Racing Assoc spend its money?
Detailed spending breakdown data is not yet available for Adams County Fair And Racing Assoc. Check back for updated IRS 990 analysis.
Are donations to Adams County Fair And Racing Assoc tax-deductible?
Adams County Fair And Racing Assoc is registered as a tax-exempt nonprofit (EIN: 391889341). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Adams County Fair And Racing Assoc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Adams County Fair And Racing Assoc's revenue has grown by 836.3%, moving from $56K to $524K. Total assets increased by 132.3% over the same period, from $45K to $104K. Total functional expenses rose by 1161.8%, from $39K to $493K. In its most recent filing year (2023), Adams County Fair And Racing Assoc reported a surplus of $31K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $524K | $493K | $104K | $0 | — | — |
| 2022 | $441K | $429K | $73K | $0 | — | — |
| 2021 | $322K | $321K | $61K | $0 | — | View 990 |
| 2020 | $153K | $117K | $131K | $0 | — | View 990 |
| 2019 | $96K | $119K | $95K | $0 | — | View 990 |
| 2018 | $86K | $85K | $97K | $0 | — | View 990 |
| 2017 | $48K | $63K | $88K | $0 | — | View 990 |
| 2016 | $67K | $49K | $102K | $0 | — | View 990 |
| 2015 | $72K | $56K | $110K | $0 | — | View 990 |
| 2014 | $64K | $62K | $93K | $0 | — | View 990 |
| 2013 | $69K | $34K | $90K | $0 | — | View 990 |
| 2012 | $66K | $32K | $55K | $0 | — | View 990 |
| 2011 | $56K | $39K | $45K | $24K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $524K, expenses of $493K, and assets of $104K (revenue +18.6% year-over-year).
- 2022: Revenue of $441K, expenses of $429K, and assets of $73K (revenue +37.3% year-over-year).
- 2021: Revenue of $322K, expenses of $321K, and assets of $61K (revenue +110.6% year-over-year).
- 2020: Revenue of $153K, expenses of $117K, and assets of $131K (revenue +59.4% year-over-year).
- 2019: Revenue of $96K, expenses of $119K, and assets of $95K (revenue +11.1% year-over-year).
- 2018: Revenue of $86K, expenses of $85K, and assets of $97K (revenue +79.5% year-over-year).
- 2017: Revenue of $48K, expenses of $63K, and assets of $88K (revenue -28.0% year-over-year).
- 2016: Revenue of $67K, expenses of $49K, and assets of $102K (revenue -6.9% year-over-year).
- 2015: Revenue of $72K, expenses of $56K, and assets of $110K (revenue +11.5% year-over-year).
- 2014: Revenue of $64K, expenses of $62K, and assets of $93K (revenue -7.0% year-over-year).
- 2013: Revenue of $69K, expenses of $34K, and assets of $90K (revenue +4.6% year-over-year).
- 2012: Revenue of $66K, expenses of $32K, and assets of $55K (revenue +18.1% year-over-year).
- 2011: Revenue of $56K, expenses of $39K, and assets of $45K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Adams County Fair And Racing Assoc:
Data Sources and Methodology
This transparency report for Adams County Fair And Racing Assoc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.