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State Fair of Virginia Inc

EIN 45-5632992 · Richmond, VA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong90 out of 100GovernanceGood80 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO EXPAND LEADERSHIP CAPACITY AND EDUCATIONAL OPPORTUNITIES FOR YOUTH PARTICIPANTS IN THE ANNUAL STATE FAIR OF VIRGINIA AND OTHER PROGRAMS AT THE MEADOW EVENT PARK. CONNECT PRODUCERS, TEACHERS, LEADERS, INDUSTRY AND BUSINESS IN AN EFFORT TO OFFER ENCOURAGEMENTAND RECOGNITION TO VIRGINIA'S YOUTH AS THEY PARTICIPATE IN COMPETITIONS AND EDUCATIONAL PROGRAMS.

Income
$284,877
Spending
$175,149
Spent on programs
98%
Reserves
61.2 months of spending
Largest source of income
donations and private grants, 60%
Employees
0
Volunteers
0

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 90 out of 100. Higher than 75% of charities in its peer group (arts and culture, $250k to $1m).

  • Reserves

    35 of 35

    Spendable reserves would cover 61.2 months of spending.

  • Debt

    10 of 20

    It owes 38% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 39% of income.

  • Income trend

    15 of 15

    Income rose 11% on the year before.

  • Spending floor

    15 of 15

    98% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 80 out of 100. Higher than 62% of charities in its peer group (arts and culture, $250k to $1m).

  • Independent board

    25 of 25

    21 of 22 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)
  1. $40,850 spent. THE PRIMARY VENUE OF SUCCESSFUL EXECUTION OF THE MISSION IS THE STATE FAIR OF VIRGINIA. THE 2025 STATE FAIR OF VIRGINIA ATTENDANCE OF APPROXIMATED 215,000.IN 2025, THE STATE FAIR OF VIRGINIA SCHOLARSHIP PROGRAM REWARDED 313 YOUNG PEOPLE FOR THEIR HARD WORK AND ACHIEVEMENT IN THIRTY-NINE SANCTIONED STATE FAIR COMPETITION AREAS THROUGH LIVESTOCK COMPETITIONS, 4-H & FFA COMPETITIONS, SKILLS USA, AND OTHER COMPETITIONS.
  2. $130,202 spent. SALE OF CHAMPIONS/YOUTH LIVESTOCK AWARDED SCHOLARSHIPSANY YOUTH THAT PARTICIPATE IN MARKET SHOWS AT THE CURRENT YEAR FAIR ARE ELIGIBLE. THESE INCLUDE: YOUTH MARKET GOAT, YOUTH MARKET BEEF, YOUTH MARKET HOG AND YOUTH MARKET LAMB SHOWS. APPLICATION CATEGORIES ARE BROKEN OUT BY AGE JUNIORS (9-12), INTERMEDIATE (13-15) AND SENIORS (16 AND OLDER) WITH FOUR SCHOLARSHIPS BEING AWARDED TO EACH CATEGORY. JUDGING WAS BASED ON APPLICANTS' STATE FAIR PARTICIPATION, AS WELL AS ON LEADERSHIP AND COMMUNITY SERVICE ACTIVITIES AND AN ESSAY. FUNDS ALLOCATED FOR THE SCHOLARSHIPS REPRESENT A PORTION OF PROCEEDS FROM THE CURRENT YEARS SALE OF CHAMPIONS BENEFIT AUCTION.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since February 2014.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.