Fairview Senior Housing Inc

Analysis

Fairview Senior Housing Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in August 2003, 23 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 December 2022, Fairview Senior Housing Inc reported income of $474k and spending of $703k, spending 149% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $428k to $474k (+11%), an average of +3.4% a year. Over the whole period it spent 143% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fairview Senior Housing Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within NC. Charities of a similar size with the same main cause include Spring Valley Elderly Housing Inc ($473k), Qumbya Housing Cooperative ($474k) and Alverno Apartments Inc ($473k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Other salaries and wages came to $109k. At year end it held assets of $3.9m against liabilities of $46k, net assets of $3.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.