Financial Highlights

The State Fair of Texas is a Texas nonprofit organization granted tax-exempt status by the Internal Revenue Service under Section 501(c)(3) of the Internal Revenue Code.

The Fair does not receive any government funding or support. Its nonprofit purpose is funded through the proceeds from the annual State Fair of Texas event.

State Fair of Texas Statement of Activities Summary Years Ended December 31, 2021, 2022 and 2023

2023
2022
2021

Operating Revenues	$80,219,864
Operating Expenses	$70,561,981
Excess of Revenue Over Expenses	$9,657,883
Realized and Unrealized Investment Gain (Loss)	$3,156,489
Tax Credit	$886,669
Changes in Net Assets (Net Income)	$13,681,041

Operating Revenues	$88,414,896
Operating Expenses	$73,018,905
Excess (Deficit) of Revenue Over Expenses	$15,395,991
Realized and Unrealized Investment Gain (Loss)	($2,168,512)
Tax Credit	$291,653
Changes in Net Assets (Net Income)	$13,519,132

Operating Revenues	$75,866,798
Operating Expenses	$53,781,584
Excess (Deficit) of Revenue Over Expenses	$22,085,214
Realized and Unrealized Investment Gain (Loss)	$2,170,552
Gain on Loan (PPP) Extinguishment	$6,058,845
Changes in Net Assets (Net Income)	$30,314,611

Audited Financial Statements

2023 Financial Statements

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Organization Documents

Amended and Restated Bylaws

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Restated Certificate of Formation

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Conflict of Interest/Ethics policy

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Finance/Audit Committee Charter

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Annual Reports

Each year, the Fair is committed to producing an annual report that comprehensively summarizes the previous year’s activities and efforts to fulfill our nonprofit mission. Available inside the report, you can find information on the Fair’s agricultural and educational initiatives, community involvement efforts, milestones, financial highlights and statements, and more. You can view and download the past five years of annual reports below.