Owen County Fair Association Incorporated
EIN: 356043481 · Spencer, IN · NTEE: N52
| Metric | Value |
|---|---|
| Total Revenue | $340K |
| Total Expenses | $262K |
| Net Assets | $567K |
Is Owen County Fair Association Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Owen County Fair Association Incorporated
Owen County Fair Association Incorporated (EIN: 356043481) is a nonprofit organization based in Spencer, IN, classified under NTEE code N52. The organization reported total revenue of $340K and total assets of $647K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Owen County Fair Association Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Owen County Fair Association Incorporated is a small nonprofit that has been operating for 81 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $253K |
| Total Expenses | $262K |
| Surplus / Deficit | $-8,212 |
| Total Assets | $621K |
| Total Liabilities | $53K |
| Net Assets | $567K |
| Operating Margin | -3.2% |
| Debt-to-Asset Ratio | 8.6% |
| Months of Reserves | 28.5 months |
Financial Health Grade: B
In 2023, Owen County Fair Association Incorporated reported a deficit of $8K with expenses exceeding revenue, holds 28.5 months of operating reserves (strong position), has a debt-to-asset ratio of 8.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Owen County Fair Association Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.6% | +21.6% | +2.8% |
| 2022 | +32.1% | +32.9% | +7.8% |
| 2021 | +124.8% | +78.1% | +8.7% |
| 2020 | -75.6% | -67.8% | -11.7% |
| 2019 | +36.4% | +10.6% | +28.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1945 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Owen County Fair Association Incorporated 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 Owen County Fair Association Incorporated 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $8K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.6%.
Frequently Asked Questions about Owen County Fair Association Incorporated
Is Owen County Fair Association Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Owen County Fair Association Incorporated (EIN: 356043481) insufficient data. 0 red flags identified, 0 strengths noted.
How does Owen County Fair Association Incorporated spend its money?
Detailed spending breakdown data is not yet available for Owen County Fair Association Incorporated. Check back for updated IRS 990 analysis.
Are donations to Owen County Fair Association Incorporated tax-deductible?
Owen County Fair Association Incorporated is registered as a tax-exempt nonprofit (EIN: 356043481). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Owen County Fair Association Incorporated located?
Owen County Fair Association Incorporated is headquartered in Spencer, Indiana and files with the IRS under EIN 356043481. It is classified under NTEE code N52.
How many years of IRS 990 filings does Owen County Fair Association Incorporated have?
Owen County Fair Association Incorporated 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 $340K in total revenue.
Filing History
IRS 990 filing history for Owen County Fair Association Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Owen County Fair Association Incorporated's revenue has grown by 46%, moving from $174K to $253K. Total assets increased by 136.2% over the same period, from $263K to $621K. Total functional expenses rose by 52.9%, from $171K to $262K. In its most recent filing year (2023), Owen County Fair Association Incorporated reported a deficit of $8K, with expenses exceeding revenue. The organization holds $53K in liabilities against $621K in assets (debt-to-asset ratio: 8.6%), resulting in net assets of $567K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $253K | $262K | $621K | $53K | — | — |
| 2022 | $249K | $215K | $604K | $8K | — | View 990 |
| 2021 | $189K | $162K | $560K | $0 | — | View 990 |
| 2020 | $84K | $91K | $516K | $0 | — | View 990 |
| 2019 | $344K | $282K | $584K | $10K | — | — |
| 2018 | $252K | $255K | $455K | $0 | — | View 990 |
| 2017 | $382K | $260K | $488K | $30K | — | View 990 |
| 2016 | $304K | $288K | $346K | $10K | — | View 990 |
| 2015 | $242K | $245K | $335K | $15K | — | View 990 |
| 2014 | $236K | $228K | $340K | $17K | — | View 990 |
| 2013 | $244K | $175K | $320K | $6K | — | View 990 |
| 2012 | $165K | $143K | $262K | $17K | — | View 990 |
| 2011 | $174K | $171K | $263K | $39K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $253K, expenses of $262K, and assets of $621K (revenue +1.6% year-over-year).
- 2022: Revenue of $249K, expenses of $215K, and assets of $604K (revenue +32.1% year-over-year).
- 2021: Revenue of $189K, expenses of $162K, and assets of $560K (revenue +124.8% year-over-year).
- 2020: Revenue of $84K, expenses of $91K, and assets of $516K (revenue -75.6% year-over-year).
- 2019: Revenue of $344K, expenses of $282K, and assets of $584K (revenue +36.4% year-over-year).
- 2018: Revenue of $252K, expenses of $255K, and assets of $455K (revenue -34.0% year-over-year).
- 2017: Revenue of $382K, expenses of $260K, and assets of $488K (revenue +25.9% year-over-year).
- 2016: Revenue of $304K, expenses of $288K, and assets of $346K (revenue +25.7% year-over-year).
- 2015: Revenue of $242K, expenses of $245K, and assets of $335K (revenue +2.3% year-over-year).
- 2014: Revenue of $236K, expenses of $228K, and assets of $340K (revenue -3.1% year-over-year).
- 2013: Revenue of $244K, expenses of $175K, and assets of $320K (revenue +47.7% year-over-year).
- 2012: Revenue of $165K, expenses of $143K, and assets of $262K (revenue -4.9% year-over-year).
- 2011: Revenue of $174K, expenses of $171K, and assets of $263K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Owen County Fair Association Incorporated:
Data Sources and Methodology
This transparency report for Owen County Fair Association Incorporated 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.