Fairfield Industries Inc

Analysis

Fairfield Industries Inc is a registered charity in United States, based in Lancaster, OH. It received its IRS tax-exemption ruling in February 1977, 49 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 Industries Inc reported income of $751k and spending of $554k, leaving 26% of income unspent that year. Across the 6 years on record, from June 2019 to December 2023, income grew from $426k to $751k (+76%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 96%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fairfield Industries Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within OH. Charities of a similar size with the same main cause include Lone Star Region Volleyball Association Inc ($751k), Progress North Carolina ($752k) and Kensington Community Council ($751k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 81% of the total. Other salaries and wages came to $202k. At year end it held assets of $814k against liabilities of $53k, net assets of $761k. It reported 52 employees.