Fairfield Countys Community Foundation Inc

Analysis

Fairfield Countys Community Foundation Inc is a registered charity in United States, based in Norwalk, CT. It received its IRS tax-exemption ruling in April 1991, 35 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Fairfield Countys Community Foundation Inc reported income of $21.9m and spending of $30.4m, spending 139% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $36.1m to $21.9m (-39%), an average of -12% a year. The sharpest change came in the year to June 2023, when income dropped by 53%. Over the whole period it spent 83% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fairfield Countys Community Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CT. Charities of a similar size with the same main cause include Community Foundation of Frederick County Maryland Incorporated ($21.7m), Hampton Roads Community Foundation ($22.1m) and Union General Hospital ($21.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $733k (2.4% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $267.3m against liabilities of $2.0m, net assets of $265.4m. It reported 41 employees.