Fairmont Health Services Inc

Analysis

Fairmont Health Services Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in January 1996, 30 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 2023, Fairmont Health Services Inc reported income of $736k and spending of $666k, spending 90% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $289k to $736k (+154%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 81%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fairmont Health Services Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 79th percentile within NJ. Charities of a similar size with the same main cause include Ohio Church Residences of Wooster Inc ($736k), Volunteers of America Inc ($736k) and Disability Resource Center Inc ($736k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 100% of the total. Other salaries and wages came to $214k. At year end it held assets of $658k against liabilities of $291k, net assets of $367k. It reported 11 employees.