Fairfield Medical Center Foundation

Analysis

Fairfield Medical Center Foundation is a registered charity in United States, based in Lancaster, OH. It received its IRS tax-exemption ruling in June 2009, 17 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 December 2023, Fairfield Medical Center Foundation reported income of $1.1m and spending of $1.7m, spending 152% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $956k to $1.1m (+15%), an average of +2.9% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 109% 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 Medical Center Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within OH. Charities of a similar size with the same main cause include United Way of Lowndes County Inc ($1.1m), Desert Financial Foundation ($1.1m) and GT Holly Skolnick Fellowship Foundation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% of the total. Other salaries and wages came to $263k. At year end it held assets of $3.0m against liabilities of $51k, net assets of $2.9m.