Fulton County Fair & Racing Association is a 501(c)(5) organization based in Lewistown, Illinois, registered in 1935, with $317,324 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$317K
▼ 38.7% vs prior year
Recreation median: $129K
Expenses (FY2024)
$243K
Net assets
$253K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Fulton County Fair & Racing Association— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Fulton County Fair & Racing Association: 13 mo reserves · +23% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Fulton County Fair & Racing Association— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Fulton County Fair & Racing Association: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $149K (FY2014) to $317K (FY2024) across 11 reported years.
Financial snapshot
Operating margin
23.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$328K
Total liabilities
$75K
Net assets
$253K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $317,324▼38.7% | $242,924▼47.8% | $253,052▲46.6% | $328,052▲90.1% | 990 |
| 2023 | $517,472▲22.4% | $465,597▼0.4% | $172,587▼54.8% | $172,587▼54.8% | 990 |
| 2022 | $422,871▲53.5% | $467,697▲117% | $382,035▼10.5% | $382,035▼10.5% | 990 |
| 2021 | $275,472▲391% | $215,255▲359% | $426,890▲16.4% | $426,890▲16.4% | 990 |
| 2020 | $56,133▼69.8% | $46,912▼75.3% | $366,673▲2.6% | $366,673▲2.6% | 990EZ |
| 2019 | $186,178▼22.5% | $190,146▲17.9% | $357,452▼1.1% | $357,452▼1.1% | 990 |
| 2018 | $240,297▲28.9% | $161,215▼14.2% | $361,420▲28.0% | $361,420▲28.0% | 990 |
| 2017 | $186,354▲12.3% | $187,853▲26.8% | $282,338▼0.5% | $282,338▼0.5% | 990EZ |
| 2016 | $165,934▼5.2% | $148,112▼18.0% | $283,837▲6.7% | $283,837▲6.7% | 990EZ |
| 2015 | $175,125▲17.6% | $180,516▲16.0% | $266,015▼2.0% | $266,015▼2.0% | 990EZ |
| 2014 | $148,896 | $155,587 | $271,406 | $271,406 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Fulton County Fair & Racing Association (EIN 37-6045889) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.