Fair Haven Community Health Clinic Inc

Analysis

Fair Haven Community Health Clinic Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in August 1972, 54 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Fair Haven Community Health Clinic Inc reported income of $48.3m and spending of $41.6m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $22.9m to $48.3m (+111%), an average of +21% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Fair Haven Community Health Clinic Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CT. Charities of a similar size with the same main cause include Greater Fairbanks Community Hospital Foundation Inc ($48.3m), University at Buffalo Neurosurgery Inc ($48.3m) and St Lukes Hospital Inc ($48.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $1.5m (3.6% of expenses). Other salaries and wages came to $18.2m. At year end it held assets of $58.3m against liabilities of $30.9m, net assets of $27.5m. It reported 335 employees.