Skowhegan State Fair
Skowhegan State Fair consistently operates with a surplus and zero reported officer compensation.
EIN: 10223879 · Skowhegan, ME · NTEE: N520 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.4M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $6 |
| Net Assets | $6.4M |
| Transparency Score | 90/100 |
Is Skowhegan State Fair Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Skowhegan State Fair directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Skowhegan State Fair
Skowhegan State Fair (EIN: 10223879) is a nonprofit organization based in Skowhegan, ME, classified under NTEE code N520. The organization reported total revenue of $1.7M and total assets of $6.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Skowhegan State Fair's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Skowhegan State Fair is a mid-size nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.4M |
| Surplus / Deficit | +$167K |
| Total Assets | $6.6M |
| Total Liabilities | $131K |
| Net Assets | $6.4M |
| Operating Margin | 10.8% |
| Debt-to-Asset Ratio | 2.0% |
| Months of Reserves | 56.9 months |
Financial Health Grade: A
In 2023, Skowhegan State Fair reported a surplus of $167K with revenue exceeding expenses, holds 56.9 months of operating reserves (strong position), has a debt-to-asset ratio of 2.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Skowhegan State Fair's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.7% | -3.2% | +2.8% |
| 2022 | +11.8% | +13.2% | +4.0% |
| 2021 | +1365.8% | +371.4% | +1.3% |
| 2020 | -91.5% | -77.7% | +0.6% |
| 2019 | +3.1% | -2.8% | -0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1999 |
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 Skowhegan State Fair with a Mission Score of 90 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, Skowhegan State Fair 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $167K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated in a manner not categorized as officer compensation, which is highly favorable for a nonprofit of its size with assets exceeding $6 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.
Red Flags
The following concerns were identified during AI analysis of Skowhegan State Fair's IRS 990 filings:
- Significant revenue drop in 2020 due to pandemic, though recovery was swift.
Strengths
The following positive indicators were identified for Skowhegan State Fair:
- Consistent financial surpluses, indicating strong operational management.
- Zero reported officer compensation across all filings, suggesting volunteer leadership or highly efficient compensation structures.
- Healthy and growing asset base, increasing from $5.87M in 2014 to $6.55M in 2023.
- Low liabilities relative to assets, indicating strong financial stability.
- Rapid financial recovery post-2020 pandemic impact.
Frequently Asked Questions about Skowhegan State Fair
Is Skowhegan State Fair a legitimate charity?
Based on AI analysis of IRS 990 filings, Skowhegan State Fair (EIN: 10223879) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Skowhegan State Fair spend its money?
Skowhegan State Fair directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Skowhegan State Fair tax-deductible?
Skowhegan State Fair is registered as a tax-exempt nonprofit (EIN: 10223879). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Skowhegan State Fair CEO make?
Skowhegan State Fair's highest-compensated officer earns $6 annually. The organization reported $1.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Skowhegan State Fair's spending goes to programs?
Skowhegan State Fair directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Skowhegan State Fair compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Skowhegan State Fair is above average for NTEE category N520 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Skowhegan State Fair located?
Skowhegan State Fair is headquartered in Skowhegan, Maine and files with the IRS under EIN 10223879. It is classified under NTEE code N520.
How many years of IRS 990 filings does Skowhegan State Fair have?
Skowhegan State Fair 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 $1.7M in total revenue.
Is Skowhegan State Fair a good charity?
Based on its financial data, Skowhegan State Fair appears to be a well-managed organization. It consistently generates surpluses, maintains a healthy asset-to-liability ratio, and reports 0% officer compensation, all of which are strong indicators of good financial stewardship and a focus on its mission.
How does the Skowhegan State Fair manage its finances?
The Skowhegan State Fair manages its finances effectively, consistently generating more revenue than expenses. For example, in 202309, revenue was $1,547,555 against expenses of $1,381,004. This allows for steady asset growth, from $5,874,763 in 201409 to $6,551,214 in 202309, while keeping liabilities low.
What was the impact of the 2020 pandemic on the fair's finances?
The 2020 pandemic significantly impacted the fair's revenue, which dropped to $105,740 from $1,240,206 in 201909. Expenses also decreased but not as sharply, leading to a deficit ($267,350 expenses vs. $105,740 revenue). However, the organization maintained its asset base and quickly recovered in subsequent years.
Filing History
IRS 990 filing history for Skowhegan State Fair showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Skowhegan State Fair's revenue has grown by 23.1%, moving from $1.3M to $1.5M. Total assets increased by 20.1% over the same period, from $5.5M to $6.6M. Total functional expenses rose by 22.5%, from $1.1M to $1.4M. In its most recent filing year (2023), Skowhegan State Fair reported a surplus of $167K, with revenue exceeding expenses. The organization holds $131K in liabilities against $6.6M in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $6.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.4M | $6.6M | $131K | — | View 990 |
| 2022 | $1.7M | $1.4M | $6.4M | $119K | — | View 990 |
| 2021 | $1.5M | $1.3M | $6.1M | $178K | — | View 990 |
| 2020 | $106K | $267K | $6.0M | $392K | — | View 990 |
| 2019 | $1.2M | $1.2M | $6.0M | $194K | — | View 990 |
| 2018 | $1.2M | $1.2M | $6.0M | $245K | — | View 990 |
| 2017 | $1.1M | $1.2M | $6.1M | $241K | — | View 990 |
| 2016 | $1.2M | $1.1M | $6.1M | $265K | — | View 990 |
| 2015 | $1.2M | $1.1M | $5.9M | $146K | — | View 990 |
| 2014 | $1.3M | $1.1M | $5.9M | $158K | — | View 990 |
| 2013 | $1.3M | $1.2M | $5.7M | $168K | — | View 990 |
| 2012 | $1.3M | $1.2M | $5.5M | $23K | — | View 990 |
| 2011 | $1.3M | $1.1M | $5.5M | $61K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.4M, and assets of $6.6M (revenue -10.7% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.4M, and assets of $6.4M (revenue +11.8% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.3M, and assets of $6.1M (revenue +1365.8% year-over-year).
- 2020: Revenue of $106K, expenses of $267K, and assets of $6.0M (revenue -91.5% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.2M, and assets of $6.0M (revenue +3.1% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.2M, and assets of $6.0M (revenue +9.4% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.2M, and assets of $6.1M (revenue -8.0% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.1M, and assets of $6.1M (revenue +1.2% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.1M, and assets of $5.9M (revenue -8.6% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.1M, and assets of $5.9M (revenue +3.3% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.2M, and assets of $5.7M (revenue -1.1% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.2M, and assets of $5.5M (revenue +0.6% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.1M, and assets of $5.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Skowhegan State Fair:
Data Sources and Methodology
This transparency report for Skowhegan State Fair 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.