Fairfield Healthcare Professionals Inc

Analysis

Fairfield Healthcare Professionals Inc is a registered charity in United States, based in Lancaster, OH. It received its IRS tax-exemption ruling in April 1998, 28 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fairfield Healthcare Professionals Inc reported income of $39.3m and spending of $60.0m, spending 152% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $25.5m to $39.3m (+55%), an average of +9.1% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 184% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fairfield Healthcare Professionals Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include Camillus House Inc ($39.3m), Tapestry 360 Health ($39.4m) and Big Springs Medical Association ($39.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.7% and program service revenue 91% of the total. Other salaries and wages came to $39.3m. At year end it held assets of $19.3m against liabilities of $16.5m, net assets of $2.9m. It reported 402 employees.

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.