Fairhaven Christian Home

Analysis

Fairhaven Christian Home is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in August 1967, 59 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, Fairhaven Christian Home reported income of $16.6m and spending of $17.2m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.1m to $16.6m (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2020, when income rose by 16%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fairhaven Christian Home sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within IL. Charities of a similar size with the same main cause include Third Baptist Gardens Incorporated ($16.6m), Community Resource Project ($16.6m) and Palm Shores Retirement Community Inc ($16.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.3% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $310k (1.8% of expenses). Other salaries and wages came to $8.8m. It paid $54k in professional fundraising fees. At year end it held assets of $26.6m against liabilities of $14.0m, net assets of $12.6m. It reported 356 employees.