Madison County Fair And Horse Show Inc
Madison County Fair And Horse Show Inc consistently generates positive net income and reports zero officer compensation.
EIN: 203938559 · Richmond, KY · NTEE: N52 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $267K |
| Total Expenses | $821K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $891K |
| Transparency Score | 92/100 |
Is Madison County Fair And Horse Show Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Madison County Fair And Horse Show Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Madison County Fair And Horse Show Inc
Madison County Fair And Horse Show Inc (EIN: 203938559) is a nonprofit organization based in Richmond, KY, classified under NTEE code N52. The organization reported total revenue of $267K and total assets of $948K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Madison County Fair And Horse Show Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Madison County Fair And Horse Show Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $873K |
| Total Expenses | $821K |
| Surplus / Deficit | +$52K |
| Total Assets | $891K |
| Net Assets | $891K |
| Operating Margin | 6.0% |
| Months of Reserves | 13.0 months |
Financial Health Grade: A
In 2023, Madison County Fair And Horse Show Inc reported a surplus of $52K with revenue exceeding expenses, holds 13.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Madison County Fair And Horse Show Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.7% | +21.6% | +6.1% |
| 2022 | -15.5% | -18.6% | +5.2% |
| 2021 | +98.4% | +76.8% | +2.4% |
| 2020 | -1.5% | +5.4% | -5.7% |
| 2019 | -1.6% | -4.6% | -3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
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 Madison County Fair And Horse Show Inc with a Mission Score of 92 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: 90%
- fundraising: 0%
According to IRS 990 filings, Madison County Fair And Horse Show Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 surplus of $52K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization of its size with assets nearing $1 million.
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.
Strengths
The following positive indicators were identified for Madison County Fair And Horse Show Inc:
- Consistent positive net income (e.g., $51,933 in 2023)
- Growing asset base (from $778,999 in 2020 to $890,510 in 2023)
- Zero reported officer compensation across all filings
- Minimal to zero liabilities reported in recent years
- Significant revenue growth in recent periods
Frequently Asked Questions about Madison County Fair And Horse Show Inc
Is Madison County Fair And Horse Show Inc a legitimate charity?
Madison County Fair And Horse Show Inc (EIN: 203938559) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $267K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Madison County Fair And Horse Show Inc spend its money?
Madison County Fair And Horse Show Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Madison County Fair And Horse Show Inc tax-deductible?
Madison County Fair And Horse Show Inc is registered as a tax-exempt nonprofit (EIN: 203938559). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Madison County Fair And Horse Show Inc CEO make?
Madison County Fair And Horse Show Inc's highest-compensated officer earns $1 annually. The organization reported $267K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Madison County Fair And Horse Show Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Madison County Fair And Horse Show Inc is above average for NTEE category N52 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Madison County Fair And Horse Show Inc located?
Madison County Fair And Horse Show Inc is headquartered in Richmond, Kentucky and files with the IRS under EIN 203938559. It is classified under NTEE code N52.
How many years of IRS 990 filings does Madison County Fair And Horse Show Inc have?
Madison County Fair And Horse Show 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 $267K in total revenue.
Is Madison County Fair And Horse Show Inc a good charity?
Based on the available data, Madison County Fair And Horse Show Inc appears to be a well-managed organization. It consistently generates more revenue than expenses, has growing assets, and reports zero officer compensation, suggesting a strong commitment to its mission and efficient use of funds.
How has the organization's revenue trended over the past few years?
The organization's revenue has shown significant growth in recent years, increasing from $427,741 in 2020 to $872,707 in 2023, indicating strong community support and successful operations.
What is the organization's liability situation?
Madison County Fair And Horse Show Inc reported $0 in liabilities in its latest 2023 filing, which is a very strong indicator of financial stability and low financial risk. Liabilities have been minimal or zero in most recent years.
Filing History
IRS 990 filing history for Madison County Fair And Horse Show Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Madison County Fair And Horse Show Inc's revenue has grown by 216.5%, moving from $276K to $873K. Total assets decreased by 9.3% over the same period, from $982K to $891K. Total functional expenses rose by 148.1%, from $331K to $821K. In its most recent filing year (2023), Madison County Fair And Horse Show Inc reported a surplus of $52K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $873K | $821K | $891K | $0 | — | View 990 |
| 2022 | $717K | $675K | $840K | $1K | — | View 990 |
| 2021 | $848K | $829K | $798K | $1K | — | View 990 |
| 2020 | $428K | $469K | $779K | $1K | — | View 990 |
| 2019 | $434K | $445K | $826K | $7K | — | View 990 |
| 2018 | $441K | $467K | $855K | $25K | — | View 990 |
| 2017 | $502K | $530K | $876K | $20K | — | View 990 |
| 2016 | $505K | $442K | $934K | $50K | — | View 990 |
| 2015 | $472K | $489K | $821K | $2 | — | View 990 |
| 2014 | $367K | $379K | $839K | $1 | — | View 990 |
| 2013 | $388K | $424K | $871K | $20K | — | View 990 |
| 2012 | $379K | $434K | $929K | $41K | — | View 990 |
| 2011 | $276K | $331K | $982K | $39K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $873K, expenses of $821K, and assets of $891K (revenue +21.7% year-over-year).
- 2022: Revenue of $717K, expenses of $675K, and assets of $840K (revenue -15.5% year-over-year).
- 2021: Revenue of $848K, expenses of $829K, and assets of $798K (revenue +98.4% year-over-year).
- 2020: Revenue of $428K, expenses of $469K, and assets of $779K (revenue -1.5% year-over-year).
- 2019: Revenue of $434K, expenses of $445K, and assets of $826K (revenue -1.6% year-over-year).
- 2018: Revenue of $441K, expenses of $467K, and assets of $855K (revenue -12.2% year-over-year).
- 2017: Revenue of $502K, expenses of $530K, and assets of $876K (revenue -0.5% year-over-year).
- 2016: Revenue of $505K, expenses of $442K, and assets of $934K (revenue +6.9% year-over-year).
- 2015: Revenue of $472K, expenses of $489K, and assets of $821K (revenue +28.6% year-over-year).
- 2014: Revenue of $367K, expenses of $379K, and assets of $839K (revenue -5.3% year-over-year).
- 2013: Revenue of $388K, expenses of $424K, and assets of $871K (revenue +2.3% year-over-year).
- 2012: Revenue of $379K, expenses of $434K, and assets of $929K (revenue +37.4% year-over-year).
- 2011: Revenue of $276K, expenses of $331K, and assets of $982K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Madison County Fair And Horse Show Inc:
Data Sources and Methodology
This transparency report for Madison County Fair And Horse Show 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.