Otsego County Fair Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 361,642 | 314,191 | 47,451 | 2.1 | 7% |
| 2022 | 344,429 | 371,366 | −26,937 | 0.9 | 5% |
| 2023 | 339,689 | 349,028 | −9,339 | 0.6 | 5% |
| 2024 | 345,812 | 398,660 | −52,848 | -1.0 | 4% |
In its most recent public year (2024), this organization spent $52,848 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-1 months), down from 2.1 in 2021. Staff pay was 4% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2024. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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