Dutchess County Agricultural Society Inc

Dutchess County Agricultural Society Inc shows strong financial recovery and asset growth with no reported officer compensation.

EIN: 141412568 · Rhinebeck, NY · NTEE: P20 · Updated: 2026-03-28

$6.3MRevenue

$12.2MAssets

88/100Mission Score (Excellent)

P20

About Dutchess County Agricultural Society Inc

Dutchess County Agricultural Society Inc (EIN: 141412568) is a nonprofit organization based in Rhinebeck, NY, classified under NTEE code P20. The organization reported total revenue of $6.3M and total assets of $12.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Dutchess County Agricultural Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Dutchess County Agricultural Society Inc demonstrates consistent financial growth and strong program spending, indicating a healthy operational model. Over the past five years, revenue has steadily increased from $274,413 in 2020 to $5,485,635 in 2023, recovering robustly from the pandemic's impact. The organization consistently maintains a positive net income, with assets growing from $8,899,497 in 2020 to $11,348,723 in 2023, suggesting sound financial management and reinvestment capacity.

The organization's spending efficiency appears high, as evidenced by the significant gap between revenue and expenses in recent years (e.g., $5,485,635 revenue vs. $4,671,642 expenses in 2023). The consistent reporting of 0% officer compensation across all available filings is a notable indicator of transparency and a commitment to directing funds towards the mission rather than executive salaries. This practice, while not universal, often signals a volunteer-driven leadership or a structure where compensation is handled differently and not reported as officer compensation on the 990, which warrants further investigation for complete transparency.

Overall, the Dutchess County Agricultural Society Inc exhibits strong financial health, efficient operations, and a high degree of transparency regarding executive compensation. The consistent growth in assets and revenue, coupled with low liabilities, positions the organization well for sustained impact. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency across these categories is limited.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Dutchess County Agricultural Society Inc with a Mission Score of 88 out of 100 (Excellent). 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, Dutchess County Agricultural Society 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.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with over $5 million in annual revenue and $11 million in assets. This suggests either a fully volunteer-led executive team or that executive compensation is categorized differently and not disclosed under 'officer compensation' on the 990, which could impact transparency.

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 Dutchess County Agricultural Society Inc's IRS 990 filings:

Unusually low reported liabilities relative to assets, which could indicate aggressive accounting or a very strong financial position.
Consistent 0% officer compensation for an organization of this size, which warrants further scrutiny to understand how executive leadership is compensated or structured.

Strengths

The following positive indicators were identified for Dutchess County Agricultural Society Inc:

Strong financial recovery post-2020 pandemic, with revenue increasing from $274,413 to $5,485,635 by 2023.
Consistent growth in assets, from $8,899,497 in 2020 to $11,348,723 in 2023, indicating sound financial management.
Maintains low liabilities relative to assets, suggesting financial stability and low debt burden (e.g., $124,506 liabilities vs. $11,348,723 assets in 2023).
Positive net income in most years, demonstrating operational efficiency and ability to generate surplus for mission reinvestment.

Frequently Asked Questions about Dutchess County Agricultural Society Inc

How does Dutchess County Agricultural Society Inc manage to operate with 0% reported officer compensation?

The consistent reporting of 0% officer compensation across all filings suggests either a volunteer-led executive structure or that executive salaries are reported under different expense categories, not as direct officer compensation on the 990. Further investigation into their detailed expense breakdown would clarify this.

What caused the significant drop in revenue in 2020 to $274,413?

The drastic drop in revenue in 2020 was likely due to the COVID-19 pandemic, which severely impacted events and gatherings, a primary source of income for agricultural societies. The subsequent rapid recovery in 2021 and beyond supports this conclusion.

Is the organization's asset growth sustainable?

Yes, the organization's asset growth appears sustainable, increasing from $8,899,497 in 2020 to $11,348,723 in 2023, alongside consistent positive net income. This indicates effective financial management and reinvestment.

Filing History

IRS 990 filing history for Dutchess County Agricultural Society Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Dutchess County Agricultural Society Inc's revenue has grown by 46%, moving from $3.8M to $5.5M. Total assets increased by 89.4% over the same period, from $6.0M to $11.3M. Total functional expenses rose by 9.4%, from $4.3M to $4.7M. In its most recent filing year (2023), Dutchess County Agricultural Society Inc reported a surplus of $814K, with revenue exceeding expenses. The organization holds $125K in liabilities against $11.3M in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $11.2M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$5.5M	$4.7M	$11.3M	$125K	—	View 990
2022	$5.3M	$4.2M	$10.6M	$221K	—	View 990
2021	$4.3M	$3.3M	$9.8M	$468K	—	View 990
2020	$274K	$1.6M	$8.9M	$598K	—	View 990
2019	$4.5M	$4.5M	$9.9M	$253K	—	View 990
2018	$4.9M	$4.4M	$10.0M	$386K	—	View 990
2017	$4.5M	$4.3M	$9.4M	$271K	—	View 990
2016	$4.3M	$3.8M	$9.3M	$422K	—	View 990
2015	$4.5M	$3.7M	$8.8M	$444K	—	View 990
2014	$4.1M	$3.6M	$7.9M	$311K	—	View 990
2013	$4.0M	$3.5M	$7.4M	$325K	—	View 990
2012	$4.1M	$3.5M	$6.6M	$192K	—	View 990
2011	$3.8M	$4.3M	$6.0M	$219K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $5.5M, expenses of $4.7M, and assets of $11.3M (revenue +3.5% year-over-year).
2022: Revenue of $5.3M, expenses of $4.2M, and assets of $10.6M (revenue +22.7% year-over-year).
2021: Revenue of $4.3M, expenses of $3.3M, and assets of $9.8M (revenue +1473.9% year-over-year).
2020: Revenue of $274K, expenses of $1.6M, and assets of $8.9M (revenue -93.9% year-over-year).
2019: Revenue of $4.5M, expenses of $4.5M, and assets of $9.9M (revenue -6.9% year-over-year).
2018: Revenue of $4.9M, expenses of $4.4M, and assets of $10.0M (revenue +9.1% year-over-year).
2017: Revenue of $4.5M, expenses of $4.3M, and assets of $9.4M (revenue +3.3% year-over-year).
2016: Revenue of $4.3M, expenses of $3.8M, and assets of $9.3M (revenue -3.9% year-over-year).
2015: Revenue of $4.5M, expenses of $3.7M, and assets of $8.8M (revenue +9.5% year-over-year).
2014: Revenue of $4.1M, expenses of $3.6M, and assets of $7.9M (revenue +3.5% year-over-year).
2013: Revenue of $4.0M, expenses of $3.5M, and assets of $7.4M (revenue -3.5% year-over-year).
2012: Revenue of $4.1M, expenses of $3.5M, and assets of $6.6M (revenue +9.4% year-over-year).
2011: Revenue of $3.8M, expenses of $4.3M, and assets of $6.0M.

Data Sources and Methodology

This transparency report for Dutchess County Agricultural Society 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.