Anderson County Corn Festival Inc
Anderson County Corn Festival Inc operates with fluctuating revenue and consistent deficits in recent years, maintaining zero liabilities.
EIN: 201811872 · Garnett, KS · NTEE: S99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $200K |
| Total Expenses | $36K |
| Program Spending | 85% |
| Net Assets | $21K |
| Transparency Score | 75/100 |
Is Anderson County Corn Festival Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Anderson County Corn Festival Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Anderson County Corn Festival Inc
Anderson County Corn Festival Inc (EIN: 201811872) is a nonprofit organization based in Garnett, KS, classified under NTEE code S99. The organization reported total revenue of $200K and total assets of $18K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Anderson County Corn Festival Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Anderson County Corn Festival Inc is a small nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12K |
| Total Expenses | $36K |
| Surplus / Deficit | $-23,972 |
| Total Assets | $21K |
| Net Assets | $21K |
| Operating Margin | -193.9% |
| Months of Reserves | 6.8 months |
Financial Health Grade: B
In 2023, Anderson County Corn Festival Inc reported a deficit of $24K with expenses exceeding revenue, holds 6.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Anderson County Corn Festival Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -72.9% | +11.2% | -53.8% |
| 2021 | -100.0% | -92.9% | -3.5% |
| 2020 | +115.9% | -7.0% | +38.2% |
| 2019 | -55.5% | -13.1% | -19.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Anderson County Corn Festival Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Anderson County Corn Festival Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $24K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient for an organization of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Anderson County Corn Festival Inc's IRS 990 filings:
- Recurring annual deficits (e.g., $23,972 in 202312, $5,740 in 201912, $14,761 in 201612)
- Significant year-over-year revenue fluctuation (e.g., $45,631 in 202212 down to $12,363 in 202312)
Strengths
The following positive indicators were identified for Anderson County Corn Festival Inc:
- Consistent 0% officer compensation, indicating volunteer leadership and low administrative overhead
- Zero liabilities reported across all filings, demonstrating financial prudence and no debt
- Long history of IRS 990 filings (13 filings), indicating consistent compliance and transparency
Frequently Asked Questions about Anderson County Corn Festival Inc
Is Anderson County Corn Festival Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Anderson County Corn Festival Inc (EIN: 201811872) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Anderson County Corn Festival Inc spend its money?
Anderson County Corn Festival Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Anderson County Corn Festival Inc tax-deductible?
Anderson County Corn Festival Inc is registered as a tax-exempt nonprofit (EIN: 201811872). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Anderson County Corn Festival Inc's spending goes to programs?
Anderson County Corn Festival Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Anderson County Corn Festival Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Anderson County Corn Festival Inc is above average for NTEE category S99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Anderson County Corn Festival Inc located?
Anderson County Corn Festival Inc is headquartered in Garnett, Kansas and files with the IRS under EIN 201811872. It is classified under NTEE code S99.
How many years of IRS 990 filings does Anderson County Corn Festival Inc have?
Anderson County Corn Festival Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $200K in total revenue.
How does Anderson County Corn Festival Inc cover its deficits, such as the $23,972 deficit in 202312?
The organization likely covers its deficits by drawing down on its accumulated assets from previous profitable years, such as 202212 when revenue exceeded expenses by $12,951, or through reserves built up over time.
What is the primary source of revenue for Anderson County Corn Festival Inc, given its fluctuating nature?
Given the organization's name and mission, it is highly probable that its primary source of revenue comes from event-related activities, such as ticket sales, vendor fees, or sponsorships associated with the annual corn festival. The variability in revenue suggests reliance on event success.
Does the organization have a long-term financial sustainability plan given its recurring deficits?
While the organization has maintained $0 liabilities, the recurring deficits in several years (e.g., 202312, 201912, 201612) suggest a need for a robust long-term financial sustainability plan to ensure continued operations, potentially through diversifying revenue streams or building larger reserves.
Filing History
IRS 990 filing history for Anderson County Corn Festival Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Anderson County Corn Festival Inc's revenue has grown by 25.6%, moving from $10K to $12K. Total assets increased by 228.4% over the same period, from $6K to $21K. Total functional expenses rose by 192.9%, from $12K to $36K. In its most recent filing year (2023), Anderson County Corn Festival Inc reported a deficit of $24K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12K | $36K | $21K | $0 | — | — |
| 2022 | $46K | $33K | $45K | $0 | — | — |
| 2021 | $0 | $1K | $32K | $0 | — | — |
| 2020 | $25K | $16K | $33K | $0 | — | View 990 |
| 2019 | $12K | $17K | $24K | $0 | — | View 990 |
| 2018 | $26K | $20K | $29K | $0 | — | View 990 |
| 2017 | $38K | $18K | $23K | $0 | — | View 990 |
| 2016 | $3K | $18K | $3K | $0 | — | View 990 |
| 2015 | $22K | $16K | $18K | $0 | — | View 990 |
| 2014 | $35K | $13K | $11K | $0 | — | View 990 |
| 2013 | $-4,905 | $14K | $9K | $20K | — | View 990 |
| 2012 | $15K | $12K | $8K | $0 | — | View 990 |
| 2011 | $10K | $12K | $6K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12K, expenses of $36K, and assets of $21K (revenue -72.9% year-over-year).
- 2022: Revenue of $46K, expenses of $33K, and assets of $45K.
- 2021: Revenue of $0, expenses of $1K, and assets of $32K (revenue -100.0% year-over-year).
- 2020: Revenue of $25K, expenses of $16K, and assets of $33K (revenue +115.9% year-over-year).
- 2019: Revenue of $12K, expenses of $17K, and assets of $24K (revenue -55.5% year-over-year).
- 2018: Revenue of $26K, expenses of $20K, and assets of $29K (revenue -31.0% year-over-year).
- 2017: Revenue of $38K, expenses of $18K, and assets of $23K (revenue +996.1% year-over-year).
- 2016: Revenue of $3K, expenses of $18K, and assets of $3K (revenue -84.5% year-over-year).
- 2015: Revenue of $22K, expenses of $16K, and assets of $18K (revenue -36.5% year-over-year).
- 2014: Revenue of $35K, expenses of $13K, and assets of $11K.
- 2013: Revenue of $-4,905, expenses of $14K, and assets of $9K (revenue -132.7% year-over-year).
- 2012: Revenue of $15K, expenses of $12K, and assets of $8K (revenue +52.5% year-over-year).
- 2011: Revenue of $10K, expenses of $12K, and assets of $6K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Anderson County Corn Festival Inc:
Data Sources and Methodology
This transparency report for Anderson County Corn Festival Inc 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.