Washington County Fair Inc
Washington County Fair Inc. shows strong revenue recovery post-pandemic but incurred a deficit in 2023.
EIN: 141745508 · Greenwich, NY · NTEE: N520 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $2.2M |
| Program Spending | 80% |
| Net Assets | $3.9M |
| Transparency Score | 75/100 |
Is Washington County Fair Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Washington County Fair Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Washington County Fair Inc
Washington County Fair Inc (EIN: 141745508) is a nonprofit organization based in Greenwich, NY, classified under NTEE code N520. The organization reported total revenue of $2.7M and total assets of $5.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Washington County Fair Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Washington County Fair Inc is a mid-size nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $2.2M |
| Surplus / Deficit | $-205,554 |
| Total Assets | $4.7M |
| Total Liabilities | $830K |
| Net Assets | $3.9M |
| Operating Margin | -10.1% |
| Debt-to-Asset Ratio | 17.5% |
| Months of Reserves | 25.3 months |
Financial Health Grade: B
In 2023, Washington County Fair Inc reported a deficit of $206K with expenses exceeding revenue, holds 25.3 months of operating reserves (strong position), has a debt-to-asset ratio of 17.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Washington County Fair Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.7% | +37.5% | -4.4% |
| 2022 | +32.8% | +39.5% | +5.8% |
| 2021 | +470.1% | +117.5% | +6.9% |
| 2020 | -80.7% | -59.5% | -5.8% |
| 2019 | -4.3% | -2.0% | +1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Washington County Fair Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Washington County Fair Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $206K, with expenses exceeding revenue.
- Debt-to-asset ratio: 17.5%.
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 at levels below reporting thresholds, which is highly favorable for minimizing overhead.
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 Washington County Fair Inc's IRS 990 filings:
- Expenses ($2,244,144) exceeded revenue ($2,038,590) in 2023, resulting in a deficit for that period.
Strengths
The following positive indicators were identified for Washington County Fair Inc:
- Consistent growth in assets over the long term, reaching $4,729,675 in 2023.
- Strong revenue recovery post-pandemic, demonstrating resilience.
- No reported officer compensation, indicating efficient use of funds for leadership.
- Maintained a healthy asset-to-liability ratio, with assets significantly higher than liabilities ($4,729,675 vs $829,862 in 2023).
Frequently Asked Questions about Washington County Fair Inc
Is Washington County Fair Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Washington County Fair Inc (EIN: 141745508) some concerns. Mission Score: 75/100. 1 red flag identified, 4 strengths noted.
How does Washington County Fair Inc spend its money?
Washington County Fair Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Washington County Fair Inc tax-deductible?
Washington County Fair Inc is registered as a tax-exempt nonprofit (EIN: 141745508). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Washington County Fair Inc's spending goes to programs?
Washington County Fair Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Washington County Fair Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Washington County Fair Inc 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 Washington County Fair Inc located?
Washington County Fair Inc is headquartered in Greenwich, New York and files with the IRS under EIN 141745508. It is classified under NTEE code N520.
How many years of IRS 990 filings does Washington County Fair Inc have?
Washington County Fair Inc 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 $2.7M in total revenue.
Is Washington County Fair Inc. financially stable?
Yes, the organization appears financially stable with assets consistently exceeding liabilities, reaching $4,729,675 in 2023. While there was a deficit in 2023, the overall trend shows strong asset growth and recovery from past challenges.
How did the pandemic impact Washington County Fair Inc.?
The pandemic severely impacted the organization, with revenue plummeting to $276,879 in 2020 from $1,437,679 in 2019. However, it has shown a robust recovery, with 2023 revenue at $2,038,590.
Does Washington County Fair Inc. pay its executives?
Based on the provided IRS 990 data, Washington County Fair Inc. reports 0% officer compensation across all filings, suggesting a volunteer or very low-paid executive structure.
Filing History
IRS 990 filing history for Washington County Fair Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Washington County Fair Inc's revenue has grown by 93%, moving from $1.1M to $2.0M. Total assets increased by 16.8% over the same period, from $4.0M to $4.7M. Total functional expenses rose by 123.5%, from $1.0M to $2.2M. In its most recent filing year (2023), Washington County Fair Inc reported a deficit of $206K, with expenses exceeding revenue. The organization holds $830K in liabilities against $4.7M in assets (debt-to-asset ratio: 17.5%), resulting in net assets of $3.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $2.2M | $4.7M | $830K | — | — |
| 2022 | $2.1M | $1.6M | $4.9M | $841K | — | View 990 |
| 2021 | $1.6M | $1.2M | $4.7M | $1.0M | — | View 990 |
| 2020 | $277K | $538K | $4.4M | $1.1M | — | View 990 |
| 2019 | $1.4M | $1.3M | $4.6M | $1.2M | — | View 990 |
| 2018 | $1.5M | $1.4M | $4.6M | $1.2M | — | View 990 |
| 2017 | $1.4M | $1.2M | $4.5M | $1.3M | — | View 990 |
| 2016 | $1.3M | $1.2M | $4.4M | $1.3M | — | View 990 |
| 2015 | $1.3M | $1.2M | $4.4M | $1.4M | — | View 990 |
| 2014 | $1.3M | $1.2M | $4.3M | $1.5M | — | View 990 |
| 2013 | $1.3M | $1.2M | $4.3M | $1.5M | — | View 990 |
| 2012 | $1.3M | $1.1M | $4.2M | $1.6M | — | View 990 |
| 2011 | $1.1M | $1.0M | $4.0M | $1.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $2.2M, and assets of $4.7M (revenue -2.7% year-over-year).
- 2022: Revenue of $2.1M, expenses of $1.6M, and assets of $4.9M (revenue +32.8% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.2M, and assets of $4.7M (revenue +470.1% year-over-year).
- 2020: Revenue of $277K, expenses of $538K, and assets of $4.4M (revenue -80.7% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.3M, and assets of $4.6M (revenue -4.3% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.4M, and assets of $4.6M (revenue +9.7% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.2M, and assets of $4.5M (revenue +3.6% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.2M, and assets of $4.4M (revenue -1.5% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.2M, and assets of $4.4M (revenue +5.5% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.2M, and assets of $4.3M (revenue -3.3% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.2M, and assets of $4.3M (revenue +4.5% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.1M, and assets of $4.2M (revenue +19.3% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.0M, and assets of $4.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Washington County Fair Inc:
Data Sources and Methodology
This transparency report for Washington County Fair 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.