South Central Fair Association Incorporated
EIN: 540299803 · Chase City, VA · NTEE: N52I
| Metric | Value |
|---|---|
| Total Revenue | $366K |
| Total Expenses | $384K |
| Net Assets | $210K |
Is South Central 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 South Central Fair Association Incorporated
South Central Fair Association Incorporated (EIN: 540299803) is a nonprofit organization based in Chase City, VA, classified under NTEE code N52I. The organization reported total revenue of $366K and total assets of $336K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Central Fair Association Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
South Central Fair Association Incorporated is a small nonprofit that has been operating for 74 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $346K |
| Total Expenses | $384K |
| Surplus / Deficit | $-37,897 |
| Total Assets | $210K |
| Net Assets | $210K |
| Operating Margin | -10.9% |
| Months of Reserves | 6.6 months |
Financial Health Grade: B
In 2023, South Central Fair Association Incorporated reported a deficit of $38K with expenses exceeding revenue, holds 6.6 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2023), South Central Fair Association Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 10.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.4% | +14.9% | -16.4% |
| 2022 | +36.9% | +224.5% | -21.5% |
| 2021 | +76.8% | +27.3% | +41.5% |
| 2020 | +17.5% | +7.8% | +14.6% |
| 2019 | +20.7% | -5.8% | +9.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1952 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for South Central 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 South Central 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 $38K, with expenses exceeding revenue.
Frequently Asked Questions about South Central Fair Association Incorporated
Is South Central Fair Association Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, South Central Fair Association Incorporated (EIN: 540299803) insufficient data. 0 red flags identified, 0 strengths noted.
How does South Central Fair Association Incorporated spend its money?
Detailed spending breakdown data is not yet available for South Central Fair Association Incorporated. Check back for updated IRS 990 analysis.
Are donations to South Central Fair Association Incorporated tax-deductible?
South Central Fair Association Incorporated is registered as a tax-exempt nonprofit (EIN: 540299803). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is South Central Fair Association Incorporated located?
South Central Fair Association Incorporated is headquartered in Chase City, Virginia and files with the IRS under EIN 540299803. It is classified under NTEE code N52I.
How many years of IRS 990 filings does South Central Fair Association Incorporated have?
South Central Fair Association Incorporated has 14 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 $366K in total revenue.
Filing History
IRS 990 filing history for South Central Fair Association Incorporated showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), South Central Fair Association Incorporated's revenue has grown by 225.7%, moving from $106K to $346K. Total assets decreased by 11.7% over the same period, from $238K to $210K. Total functional expenses rose by 241.2%, from $113K to $384K. In its most recent filing year (2023), South Central Fair Association Incorporated reported a deficit of $38K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $346K | $384K | $210K | $0 | — | — |
| 2022 | $266K | $334K | $252K | $0 | — | — |
| 2021 | $194K | $103K | $320K | $0 | — | View 990 |
| 2020 | $110K | $81K | $226K | $0 | — | View 990 |
| 2019 | $93K | $75K | $198K | $42 | — | View 990 |
| 2018 | $77K | $80K | $180K | $655 | — | View 990 |
| 2017 | $93K | $74K | $182K | $628 | — | View 990 |
| 2016 | $84K | $67K | $162K | $616 | — | View 990 |
| 2015 | $91K | $79K | $159K | $14K | — | View 990 |
| 2014 | $65K | $65K | $155K | $22K | — | View 990 |
| 2013 | $58K | $95K | $155K | $23K | — | View 990 |
| 2012 | $0 | $5K | $172K | $2K | — | View 990 |
| 2012 | $91K | $81K | $186K | $11K | — | View 990 |
| 2011 | $106K | $113K | $238K | $32K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $346K, expenses of $384K, and assets of $210K (revenue +30.4% year-over-year).
- 2022: Revenue of $266K, expenses of $334K, and assets of $252K (revenue +36.9% year-over-year).
- 2021: Revenue of $194K, expenses of $103K, and assets of $320K (revenue +76.8% year-over-year).
- 2020: Revenue of $110K, expenses of $81K, and assets of $226K (revenue +17.5% year-over-year).
- 2019: Revenue of $93K, expenses of $75K, and assets of $198K (revenue +20.7% year-over-year).
- 2018: Revenue of $77K, expenses of $80K, and assets of $180K (revenue -17.2% year-over-year).
- 2017: Revenue of $93K, expenses of $74K, and assets of $182K (revenue +11.3% year-over-year).
- 2016: Revenue of $84K, expenses of $67K, and assets of $162K (revenue -7.5% year-over-year).
- 2015: Revenue of $91K, expenses of $79K, and assets of $159K (revenue +38.7% year-over-year).
- 2014: Revenue of $65K, expenses of $65K, and assets of $155K (revenue +13.4% year-over-year).
- 2013: Revenue of $58K, expenses of $95K, and assets of $155K.
- 2012: Revenue of $0, expenses of $5K, and assets of $172K (revenue -100.0% year-over-year).
- 2012: Revenue of $91K, expenses of $81K, and assets of $186K (revenue -14.5% year-over-year).
- 2011: Revenue of $106K, expenses of $113K, and assets of $238K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for South Central Fair Association Incorporated:
Data Sources and Methodology
This transparency report for South Central 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.