Russell County Fair Assoc Inc
EIN: 546052983 · Lebanon, VA · NTEE: N52
Is Russell County Fair Assoc Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Russell County Fair Assoc Inc
Russell County Fair Assoc Inc (EIN: 546052983) is a nonprofit organization based in Lebanon, VA, classified under NTEE code N52. The organization reported total revenue of $233K and total assets of $842K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Russell County Fair Assoc Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Russell County Fair Assoc Inc is a small nonprofit that has been operating for 68 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $222K |
| Total Expenses | $183K |
| Surplus / Deficit | +$39K |
| Total Assets | $727K |
| Total Liabilities | $300 |
| Net Assets | $727K |
| Operating Margin | 17.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 47.7 months |
Financial Health Grade: A
In 2023, Russell County Fair Assoc Inc reported a surplus of $39K with revenue exceeding expenses, holds 47.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Russell County Fair Assoc Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.5% | -7.5% | +3.2% |
| 2022 | +4.1% | +16.7% | -3.3% |
| 2021 | +389.1% | +412.9% | +7.3% |
| 2020 | -82.3% | -83.4% | +0.8% |
| 2019 | +5.9% | +10.5% | +7.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 1958 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Russell County Fair Assoc Inc 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 Russell County Fair Assoc Inc 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 surplus of $39K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Russell County Fair Assoc Inc
Is Russell County Fair Assoc Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Russell County Fair Assoc Inc (EIN: 546052983) insufficient data. 0 red flags identified, 0 strengths noted.
How does Russell County Fair Assoc Inc spend its money?
Detailed spending breakdown data is not yet available for Russell County Fair Assoc Inc. Check back for updated IRS 990 analysis.
Are donations to Russell County Fair Assoc Inc tax-deductible?
Russell County Fair Assoc Inc is registered as a tax-exempt nonprofit (EIN: 546052983). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Russell County Fair Assoc Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Russell County Fair Assoc Inc's revenue has declined by 14.8%, moving from $261K to $222K. Total assets increased by 13.1% over the same period, from $643K to $727K. Total functional expenses fell by 28.6%, from $256K to $183K. In its most recent filing year (2023), Russell County Fair Assoc Inc reported a surplus of $39K, with revenue exceeding expenses. The organization holds $300 in liabilities against $727K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $727K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $222K | $183K | $727K | $300 | — | — |
| 2022 | $209K | $198K | $705K | $17K | — | — |
| 2021 | $201K | $170K | $729K | $52K | — | View 990 |
| 2020 | $41K | $33K | $679K | $50K | — | — |
| 2019 | $231K | $199K | $673K | $52K | — | View 990 |
| 2018 | $218K | $180K | $628K | $74K | — | View 990 |
| 2017 | $196K | $220K | $615K | $99K | — | — |
| 2016 | $231K | $275K | $635K | $95K | — | View 990 |
| 2015 | $243K | $251K | $635K | $51K | — | View 990 |
| 2014 | $268K | $309K | $642K | $50K | — | View 990 |
| 2013 | $286K | $250K | $625K | $0 | — | View 990 |
| 2012 | $290K | $252K | $627K | $37K | — | View 990 |
| 2011 | $261K | $256K | $643K | $93K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $222K, expenses of $183K, and assets of $727K (revenue +6.5% year-over-year).
- 2022: Revenue of $209K, expenses of $198K, and assets of $705K (revenue +4.1% year-over-year).
- 2021: Revenue of $201K, expenses of $170K, and assets of $729K (revenue +389.1% year-over-year).
- 2020: Revenue of $41K, expenses of $33K, and assets of $679K (revenue -82.3% year-over-year).
- 2019: Revenue of $231K, expenses of $199K, and assets of $673K (revenue +5.9% year-over-year).
- 2018: Revenue of $218K, expenses of $180K, and assets of $628K (revenue +11.4% year-over-year).
- 2017: Revenue of $196K, expenses of $220K, and assets of $615K (revenue -15.2% year-over-year).
- 2016: Revenue of $231K, expenses of $275K, and assets of $635K (revenue -4.8% year-over-year).
- 2015: Revenue of $243K, expenses of $251K, and assets of $635K (revenue -9.2% year-over-year).
- 2014: Revenue of $268K, expenses of $309K, and assets of $642K (revenue -6.3% year-over-year).
- 2013: Revenue of $286K, expenses of $250K, and assets of $625K (revenue -1.6% year-over-year).
- 2012: Revenue of $290K, expenses of $252K, and assets of $627K (revenue +11.2% year-over-year).
- 2011: Revenue of $261K, expenses of $256K, and assets of $643K.
Data Sources and Methodology
This transparency report for Russell County Fair Assoc 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.