Fairhill Partners

Analysis

Fairhill Partners is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in March 1988, 38 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Fairhill Partners reported income of $1.5m and spending of $2.0m, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $1.5m (-11%), an average of -3.0% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fairhill Partners sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within OH. Charities of a similar size with the same main cause include Young Mens Christian Association of Lawton Oklahoma ($1.5m), Empowerment Inc ($1.5m) and Morgantown Re-Uzit Shoppe ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $120k (6.0% of expenses). Other salaries and wages came to $567k. At year end it held assets of $3.1m against liabilities of $858k, net assets of $2.2m. It reported 22 employees.