Fairfield Hose Company

Analysis

Fairfield Hose Company is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in January 1988, 38 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2022, Fairfield Hose Company reported income of $873k and spending of $308k, leaving 65% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $333k to $873k (+162%), an average of +38% a year. The sharpest change came in the year to December 2022, when income rose by 213%. Over the whole period it spent 65% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Fairfield Hose Company sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within PA. Charities of a similar size with the same main cause include Armstrong Center for Medicine and Health Inc ($873k), Erie-Niagara Area Health Education Center ($874k) and Roads to Recovery ($873k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 85% and program service revenue 12% of the total. At year end it held assets of $984k against liabilities of $333k, net assets of $652k.