Fairbanks Family in America Inc

Analysis

Fairbanks Family in America Inc is a registered charity in United States, based in Dedham, MA. It received its IRS tax-exemption ruling in March 1972, 54 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Fairbanks Family in America Inc reported income of $243k and spending of $157k, leaving 35% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $190k to $243k (+28%), an average of +5.0% a year. The sharpest change came in the year to June 2022, when income dropped by 47%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fairbanks Family in America 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 58th percentile, and in the 60th percentile within MA. Charities of a similar size with the same main cause include Mountain Lake Community Service Inc ($243k), Parent Booster USA Inc ($243k) and Hovland Area Volunteer Fire Department Inc ($243k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 55% and program service revenue 9.3% of the total. Other salaries and wages came to $55k. At year end it held assets of $1.6m against liabilities of $79, net assets of $1.6m. It reported 3 employees.