Hancock County Agricultural Society
EIN: 420733374 · Britt, IA
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $1.1M |
| Net Assets | $578K |
Is Hancock County Agricultural Society Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hancock County Agricultural Society
Hancock County Agricultural Society (EIN: 420733374) is a nonprofit organization based in Britt, IA. The organization reported total revenue of $1.1M and total assets of $615K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hancock County Agricultural Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hancock County Agricultural Society is a mid-size nonprofit that has been operating for 70 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 12.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-32,086 |
| Total Assets | $615K |
| Total Liabilities | $37K |
| Net Assets | $578K |
| Operating Margin | -3.0% |
| Debt-to-Asset Ratio | 6.1% |
| Months of Reserves | 6.6 months |
Financial Health Grade: B
In 2024, Hancock County Agricultural Society reported a deficit of $32K with expenses exceeding revenue, holds 6.6 months of operating reserves (strong position), has a debt-to-asset ratio of 6.1% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Hancock County Agricultural Society's revenue has grown at a compound annual growth rate (CAGR) of 12.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -4.8% | +6.6% | -17.1% |
| 2023 | +28.1% | +17.3% | +30.2% |
| 2022 | +13.8% | +30.2% | -1.7% |
| 2021 | +97.6% | +86.2% | +19.8% |
| 2020 | -5.8% | -13.4% | +0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1956 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hancock County Agricultural Society 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 Hancock County Agricultural Society 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $32K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.1%.
Frequently Asked Questions about Hancock County Agricultural Society
Is Hancock County Agricultural Society a legitimate charity?
Based on AI analysis of IRS 990 filings, Hancock County Agricultural Society (EIN: 420733374) insufficient data. 0 red flags identified, 0 strengths noted.
How does Hancock County Agricultural Society spend its money?
Detailed spending breakdown data is not yet available for Hancock County Agricultural Society. Check back for updated IRS 990 analysis.
Are donations to Hancock County Agricultural Society tax-deductible?
Hancock County Agricultural Society is registered as a tax-exempt nonprofit (EIN: 420733374). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hancock County Agricultural Society located?
Hancock County Agricultural Society is headquartered in Britt, Iowa and files with the IRS under EIN 420733374.
How many years of IRS 990 filings does Hancock County Agricultural Society have?
Hancock County Agricultural Society has 14 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 $1.1M in total revenue.
Filing History
IRS 990 filing history for Hancock County Agricultural Society showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Hancock County Agricultural Society's revenue has grown by 342.8%, moving from $244K to $1.1M. Total assets increased by 54.9% over the same period, from $397K to $615K. Total functional expenses rose by 442.8%, from $205K to $1.1M. In its most recent filing year (2024), Hancock County Agricultural Society reported a deficit of $32K, with expenses exceeding revenue. The organization holds $37K in liabilities against $615K in assets (debt-to-asset ratio: 6.1%), resulting in net assets of $578K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.1M | $1.1M | $615K | $37K | — | View 990 |
| 2023 | $1.1M | $1.0M | $742K | $47K | — | View 990 |
| 2022 | $886K | $890K | $570K | $55K | — | View 990 |
| 2021 | $779K | $683K | $580K | $62K | — | — |
| 2020 | $394K | $367K | $484K | $62K | — | View 990 |
| 2019 | $419K | $424K | $481K | $86K | — | View 990 |
| 2018 | $409K | $390K | $491K | $91K | — | View 990 |
| 2017 | $434K | $416K | $468K | $87K | — | View 990 |
| 2016 | $427K | $469K | $460K | $98K | — | View 990 |
| 2015 | $484K | $536K | $404K | $0 | — | View 990 |
| 2014 | $543K | $583K | $456K | $0 | — | View 990 |
| 2013 | $400K | $343K | $501K | $6K | — | View 990 |
| 2012 | $248K | $203K | $456K | $18K | — | View 990 |
| 2011 | $244K | $205K | $397K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.1M, expenses of $1.1M, and assets of $615K (revenue -4.8% year-over-year).
- 2023: Revenue of $1.1M, expenses of $1.0M, and assets of $742K (revenue +28.1% year-over-year).
- 2022: Revenue of $886K, expenses of $890K, and assets of $570K (revenue +13.8% year-over-year).
- 2021: Revenue of $779K, expenses of $683K, and assets of $580K (revenue +97.6% year-over-year).
- 2020: Revenue of $394K, expenses of $367K, and assets of $484K (revenue -5.8% year-over-year).
- 2019: Revenue of $419K, expenses of $424K, and assets of $481K (revenue +2.2% year-over-year).
- 2018: Revenue of $409K, expenses of $390K, and assets of $491K (revenue -5.8% year-over-year).
- 2017: Revenue of $434K, expenses of $416K, and assets of $468K (revenue +1.7% year-over-year).
- 2016: Revenue of $427K, expenses of $469K, and assets of $460K (revenue -11.8% year-over-year).
- 2015: Revenue of $484K, expenses of $536K, and assets of $404K (revenue -10.9% year-over-year).
- 2014: Revenue of $543K, expenses of $583K, and assets of $456K (revenue +35.7% year-over-year).
- 2013: Revenue of $400K, expenses of $343K, and assets of $501K (revenue +61.1% year-over-year).
- 2012: Revenue of $248K, expenses of $203K, and assets of $456K (revenue +1.9% year-over-year).
- 2011: Revenue of $244K, expenses of $205K, and assets of $397K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hancock County Agricultural Society:
Data Sources and Methodology
This transparency report for Hancock County Agricultural Society 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.