Fairlawn Apartments

Analysis

Fairlawn Apartments is a registered charity in United States, based in Archbold, OH. It received its IRS tax-exemption ruling in September 1976, 50 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2023, Fairlawn Apartments reported income of $264k and spending of $254k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $217k to $264k (+22%), an average of +5.0% a year. The sharpest change came in the year to December 2020, when income rose by 15%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fairlawn Apartments sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within OH. Charities of a similar size with the same main cause include Wake County Opportunities Housing Corporation II ($264k), Minnehaha County Supportive Housing Inc ($264k) and Journey Home Inc ($264k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $285k against liabilities of $128k, net assets of $157k.