Fairham Homes Inc

Analysis

Fairham Homes Inc is a registered charity in United States, based in Lebanon, OH. It received its IRS tax-exemption ruling in March 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Fairham Homes Inc reported income of $121k and spending of $176k, spending 146% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $177k to $121k (-32%), an average of -7.4% a year. The sharpest change came in the year to June 2024, when income dropped by 18%. Over the whole period it spent 145% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fairham Homes Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within OH. Charities of a similar size with the same main cause include Crowned for Ashes Corp ($121k), Foster Siblings Reunited Inc ($121k) and Vernon Meals on Wheels Inc ($121k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $44k. At year end it held assets of $1.2m against liabilities of $90k, net assets of $1.1m.

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.