Live Oak County Fair Association
EIN: 472180775 · George West, TX · NTEE: O52
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $1.2M |
| Net Assets | $361K |
Is Live Oak County Fair Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Live Oak County Fair Association
Live Oak County Fair Association (EIN: 472180775) is a nonprofit organization based in George West, TX, classified under NTEE code O52. The organization reported total revenue of $1.4M and total assets of $320K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Live Oak County Fair Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Live Oak County Fair Association is a mid-size nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2014–2024). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-11,752 |
| Total Assets | $384K |
| Total Liabilities | $23K |
| Net Assets | $361K |
| Operating Margin | -1.0% |
| Debt-to-Asset Ratio | 6.0% |
| Months of Reserves | 3.9 months |
Financial Health Grade: B
In 2024, Live Oak County Fair Association reported a deficit of $12K with expenses exceeding revenue, holds 3.9 months of operating reserves (adequate), has a debt-to-asset ratio of 6.0% (very low leverage).
Financial Trends
Over 10 years of filings (2014–2024), Live Oak County Fair Association's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -1.3% | +0.8% | +0.3% |
| 2023 | +16.6% | +17.9% | +5.5% |
| 2022 | +20.9% | +15.0% | +6.2% |
| 2021 | -7.6% | +6.1% | -8.2% |
| 2020 | +5.0% | -2.2% | +37.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Live Oak County Fair Association 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 Live Oak County Fair Association 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 $12K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.0%.
Frequently Asked Questions about Live Oak County Fair Association
Is Live Oak County Fair Association a legitimate charity?
Live Oak County Fair Association (EIN: 472180775) is a registered tax-exempt nonprofit based in Texas. It has 10 years of IRS 990 filings on record. Total revenue: $1.4M. No red flags identified. Financial health grade: B.
How does Live Oak County Fair Association spend its money?
Live Oak County Fair Association reported $1.4M in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Live Oak County Fair Association tax-deductible?
Live Oak County Fair Association is registered as a tax-exempt nonprofit (EIN: 472180775). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Live Oak County Fair Association located?
Live Oak County Fair Association is headquartered in George West, Texas and files with the IRS under EIN 472180775. It is classified under NTEE code O52.
How many years of IRS 990 filings does Live Oak County Fair Association have?
Live Oak County Fair Association has 10 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 $1.4M in total revenue.
Filing History
IRS 990 filing history for Live Oak County Fair Association showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2024), Live Oak County Fair Association's revenue has grown by 5.4%, moving from $1.1M to $1.2M. Total assets increased by 99.2% over the same period, from $193K to $384K. Total functional expenses rose by 29%, from $911K to $1.2M. In its most recent filing year (2024), Live Oak County Fair Association reported a deficit of $12K, with expenses exceeding revenue. The organization holds $23K in liabilities against $384K in assets (debt-to-asset ratio: 6.0%), resulting in net assets of $361K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.2M | $1.2M | $384K | $23K | — | View 990 |
| 2023 | $1.2M | $1.2M | $382K | $10K | — | View 990 |
| 2022 | $1.0M | $989K | $362K | $2K | — | View 990 |
| 2021 | $836K | $860K | $341K | $2K | — | View 990 |
| 2020 | $904K | $810K | $371K | $8K | — | View 990 |
| 2019 | $861K | $829K | $271K | $1K | — | — |
| 2018 | $807K | $792K | $244K | $7K | — | View 990 |
| 2017 | $721K | $752K | $230K | $8K | — | View 990 |
| 2016 | $742K | $759K | $253K | $700 | — | View 990 |
| 2014 | $1.1M | $911K | $193K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.2M, expenses of $1.2M, and assets of $384K (revenue -1.3% year-over-year).
- 2023: Revenue of $1.2M, expenses of $1.2M, and assets of $382K (revenue +16.6% year-over-year).
- 2022: Revenue of $1.0M, expenses of $989K, and assets of $362K (revenue +20.9% year-over-year).
- 2021: Revenue of $836K, expenses of $860K, and assets of $341K (revenue -7.6% year-over-year).
- 2020: Revenue of $904K, expenses of $810K, and assets of $371K (revenue +5.0% year-over-year).
- 2019: Revenue of $861K, expenses of $829K, and assets of $271K (revenue +6.7% year-over-year).
- 2018: Revenue of $807K, expenses of $792K, and assets of $244K (revenue +11.9% year-over-year).
- 2017: Revenue of $721K, expenses of $752K, and assets of $230K (revenue -2.8% year-over-year).
- 2016: Revenue of $742K, expenses of $759K, and assets of $253K (revenue -32.7% year-over-year).
- 2014: Revenue of $1.1M, expenses of $911K, and assets of $193K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Live Oak County Fair Association:
Data Sources and Methodology
This transparency report for Live Oak County Fair Association 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.