Operation Hope of Fairfield Inc

Analysis

Operation Hope of Fairfield Inc is a registered charity in United States, based in Fairfield, CT. It received its IRS tax-exemption ruling in July 1987, 39 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Operation Hope of Fairfield Inc reported income of $3.0m and spending of $3.3m, spending 108% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $3.4m to $3.0m (-11%), an average of -3.0% a year. The sharpest change came in the year to September 2020, when income rose by 41%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Operation Hope of Fairfield Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within CT. Charities of a similar size with the same main cause include Haddon Heights Senior Citizens ($3.0m), Pine Gardens I Inc ($3.0m) and Journey 21 Inc ($3.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 81% and program service revenue 3.5% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $5.2m against liabilities of $2.5m, net assets of $2.7m. It reported 38 employees.