Rio Arriba County Fair Association
Rio Arriba County Fair Association operates on a near break-even budget with no reported executive compensation.
EIN: 204461087 · Espanola, NM · NTEE: B99 · Updated: 2026-03-28
Is Rio Arriba County Fair Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rio Arriba County Fair Association directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rio Arriba County Fair Association
Rio Arriba County Fair Association (EIN: 204461087) is a nonprofit organization based in Espanola, NM, classified under NTEE code B99. The organization reported total revenue of $218K and total assets of $25K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rio Arriba County Fair Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Rio Arriba County Fair Association with a Mission Score of 80 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, Rio Arriba County Fair Association 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 Rio Arriba County Fair Association consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not reported as officer compensation, which is a strong positive for resource allocation.
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 Rio Arriba County Fair Association's IRS 990 filings:
- Slight deficit in latest fiscal period (202312) where expenses ($235,233) exceeded revenue ($217,722).
Strengths
The following positive indicators were identified for Rio Arriba County Fair Association:
- Consistent reporting of $0 liabilities across all filings, indicating no debt.
- No reported officer compensation, suggesting efficient use of funds for mission.
- Consistent filing of IRS 990s, demonstrating transparency.
- Revenue growth from $168,263 in 2022 to $217,722 in 2023, indicating increasing support.
Frequently Asked Questions about Rio Arriba County Fair Association
Is Rio Arriba County Fair Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Rio Arriba County Fair Association (EIN: 204461087) some concerns. Mission Score: 80/100. 1 red flag identified, 4 strengths noted.
How does Rio Arriba County Fair Association spend its money?
Rio Arriba County Fair Association directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rio Arriba County Fair Association tax-deductible?
Rio Arriba County Fair Association is registered as a tax-exempt nonprofit (EIN: 204461087). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Rio Arriba County Fair Association financially stable?
The organization appears financially stable, consistently operating near break-even with $0 liabilities. While the latest filing shows a slight deficit ($217,722 revenue vs. $235,233 expenses), this is common for event-based nonprofits and does not indicate instability given its history.
How does the organization manage its assets?
Assets have fluctuated over time, ranging from a low of $5,093 in 2017 to a high of $42,123 in 2022, with the latest at $24,612. This suggests a modest reserve, typical for an organization of its size and operational model.
Does the organization rely heavily on fundraising?
The provided data does not detail fundraising expenses, but given the consistent revenue generation and the nature of a fair association, it likely relies on a mix of event income, sponsorships, and community support rather than extensive fundraising campaigns.
Filing History
IRS 990 filing history for Rio Arriba County Fair Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Rio Arriba County Fair Association's revenue has grown by 117.1%, moving from $100K to $218K. Total assets increased by 21.6% over the same period, from $20K to $25K. Total functional expenses rose by 150.3%, from $94K to $235K. In its most recent filing year (2023), Rio Arriba County Fair Association reported a deficit of $18K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $218K | $235K | $25K | $0 | — | — |
| 2022 | $168K | $168K | $42K | $0 | — | View 990 |
| 2021 | $132K | $131K | $42K | $0 | — | View 990 |
| 2020 | $49K | $35K | $41K | $0 | — | — |
| 2019 | $143K | $155K | $27K | $0 | — | View 990 |
| 2018 | $145K | $111K | $39K | $0 | — | View 990 |
| 2017 | $167K | $192K | $5K | $0 | — | View 990 |
| 2016 | $163K | $154K | $31K | $0 | — | View 990 |
| 2015 | $153K | $160K | $22K | $0 | — | View 990 |
| 2014 | $196K | $192K | $29K | $0 | — | View 990 |
| 2013 | $159K | $156K | $25K | $0 | — | View 990 |
| 2012 | $132K | $132K | $23K | $0 | — | View 990 |
| 2011 | $100K | $94K | $20K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $218K, expenses of $235K, and assets of $25K (revenue +29.4% year-over-year).
- 2022: Revenue of $168K, expenses of $168K, and assets of $42K (revenue +27.5% year-over-year).
- 2021: Revenue of $132K, expenses of $131K, and assets of $42K (revenue +170.6% year-over-year).
- 2020: Revenue of $49K, expenses of $35K, and assets of $41K (revenue -65.9% year-over-year).
- 2019: Revenue of $143K, expenses of $155K, and assets of $27K (revenue -1.1% year-over-year).
- 2018: Revenue of $145K, expenses of $111K, and assets of $39K (revenue -13.2% year-over-year).
- 2017: Revenue of $167K, expenses of $192K, and assets of $5K (revenue +2.5% year-over-year).
- 2016: Revenue of $163K, expenses of $154K, and assets of $31K (revenue +6.1% year-over-year).
- 2015: Revenue of $153K, expenses of $160K, and assets of $22K (revenue -21.8% year-over-year).
- 2014: Revenue of $196K, expenses of $192K, and assets of $29K (revenue +23.6% year-over-year).
- 2013: Revenue of $159K, expenses of $156K, and assets of $25K (revenue +20.5% year-over-year).
- 2012: Revenue of $132K, expenses of $132K, and assets of $23K (revenue +31.2% year-over-year).
- 2011: Revenue of $100K, expenses of $94K, and assets of $20K.
Data Sources and Methodology
This transparency report for Rio Arriba 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.