Madison County Fair Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 158,023 | 190,639 | −32,616 | 6.9 | — |
| 2021 | 245,159 | 184,762 | 60,397 | 3.9 | 0% |
| 2022 | 224,296 | 152,846 | 71,450 | 10.4 | 0% |
| 2023 | 149,740 | 280,253 | −130,513 | 4.0 | 0% |
In its most recent public year (2023), this organization spent $130,513 more than it brought in. Its reserves stood at about 4 months of spending, down from 6.9 in 2020. Staff pay was 0% 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 2023. 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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