Fairhaven Foundation Inc

Analysis

Fairhaven Foundation Inc is a registered charity in United States, based in Whitewater, WI. It received its IRS tax-exemption ruling in September 1994, 32 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, Fairhaven Foundation Inc reported income of $223k and spending of $452k, spending 203% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $164k to $223k (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2023, when income rose by 322%. Over the whole period it spent 57% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fairhaven Foundation Inc sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within WI. Charities of a similar size with the same main cause include Crime Stoppers of Puget Sound ($223k), Morris Rugby Corporation ($223k) and Central Brevard Soccer Inc ($223k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% of the total. At year end it held assets of $5.2m against liabilities of $0, net assets of $5.2m.