Wright County Agricultural Society
EIN: 416052400 · Montrose, MN
| Metric | Value |
|---|---|
| Total Revenue | $626K |
| Total Expenses | $647K |
| Net Assets | $858K |
Is Wright County Agricultural Society Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Wright County Agricultural Society
Wright County Agricultural Society (EIN: 416052400) is a nonprofit organization based in Montrose, MN. The organization reported total revenue of $626K and total assets of $844K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wright County Agricultural Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wright County Agricultural Society is a small nonprofit that has been operating for 60 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $676K |
| Total Expenses | $647K |
| Surplus / Deficit | +$29K |
| Total Assets | $867K |
| Total Liabilities | $8K |
| Net Assets | $858K |
| Operating Margin | 4.2% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 16.1 months |
Financial Health Grade: A
In 2023, Wright County Agricultural Society reported a surplus of $29K with revenue exceeding expenses, holds 16.1 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Wright County Agricultural Society's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.8% | +14.6% | +3.2% |
| 2022 | +2.9% | +12.8% | +6.2% |
| 2021 | +314.1% | +181.6% | +13.9% |
| 2020 | -73.3% | -64.6% | -5.2% |
| 2019 | -8.7% | -9.1% | +4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1966 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Wright County Agricultural Society 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 Wright County Agricultural Society 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 $29K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.0%.
Frequently Asked Questions about Wright County Agricultural Society
Is Wright County Agricultural Society a legitimate charity?
Wright County Agricultural Society (EIN: 416052400) is a registered tax-exempt nonprofit based in Minnesota. It has 13 years of IRS 990 filings on record. Total revenue: $626K. No red flags identified. Financial health grade: A.
How does Wright County Agricultural Society spend its money?
Wright County Agricultural Society reported $626K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Wright County Agricultural Society tax-deductible?
Wright County Agricultural Society is registered as a tax-exempt nonprofit (EIN: 416052400). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Wright County Agricultural Society located?
Wright County Agricultural Society is headquartered in Montrose, Minnesota and files with the IRS under EIN 416052400.
How many years of IRS 990 filings does Wright County Agricultural Society have?
Wright County Agricultural Society 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 $626K in total revenue.
Filing History
IRS 990 filing history for Wright County Agricultural Society showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wright County Agricultural Society's revenue has grown by 66.2%, moving from $407K to $676K. Total assets increased by 112.7% over the same period, from $408K to $867K. Total functional expenses rose by 49.1%, from $434K to $647K. In its most recent filing year (2023), Wright County Agricultural Society reported a surplus of $29K, with revenue exceeding expenses. The organization holds $8K in liabilities against $867K in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $858K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $676K | $647K | $867K | $8K | — | View 990 |
| 2022 | $610K | $565K | $840K | $10K | — | View 990 |
| 2021 | $593K | $501K | $791K | $7K | — | View 990 |
| 2020 | $143K | $178K | $695K | $3K | — | — |
| 2019 | $536K | $503K | $733K | $7K | — | View 990 |
| 2018 | $587K | $553K | $699K | $6K | — | View 990 |
| 2017 | $523K | $475K | $665K | $6K | — | View 990 |
| 2016 | $498K | $457K | $617K | $7K | — | View 990 |
| 2015 | $500K | $429K | $576K | $7K | — | View 990 |
| 2014 | $480K | $432K | $506K | $7K | — | View 990 |
| 2013 | $482K | $459K | $457K | $7K | — | View 990 |
| 2012 | $461K | $436K | $434K | $7K | — | View 990 |
| 2011 | $407K | $434K | $408K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $676K, expenses of $647K, and assets of $867K (revenue +10.8% year-over-year).
- 2022: Revenue of $610K, expenses of $565K, and assets of $840K (revenue +2.9% year-over-year).
- 2021: Revenue of $593K, expenses of $501K, and assets of $791K (revenue +314.1% year-over-year).
- 2020: Revenue of $143K, expenses of $178K, and assets of $695K (revenue -73.3% year-over-year).
- 2019: Revenue of $536K, expenses of $503K, and assets of $733K (revenue -8.7% year-over-year).
- 2018: Revenue of $587K, expenses of $553K, and assets of $699K (revenue +12.2% year-over-year).
- 2017: Revenue of $523K, expenses of $475K, and assets of $665K (revenue +5.0% year-over-year).
- 2016: Revenue of $498K, expenses of $457K, and assets of $617K (revenue -0.3% year-over-year).
- 2015: Revenue of $500K, expenses of $429K, and assets of $576K (revenue +4.2% year-over-year).
- 2014: Revenue of $480K, expenses of $432K, and assets of $506K (revenue -0.5% year-over-year).
- 2013: Revenue of $482K, expenses of $459K, and assets of $457K (revenue +4.5% year-over-year).
- 2012: Revenue of $461K, expenses of $436K, and assets of $434K (revenue +13.4% year-over-year).
- 2011: Revenue of $407K, expenses of $434K, and assets of $408K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wright County Agricultural Society:
Data Sources and Methodology
This transparency report for Wright County Agricultural Society 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.