United Fund of Fairmont Inc

Analysis

United Fund of Fairmont Inc is a registered charity in United States, based in Fairmont, MN. It received its IRS tax-exemption ruling in August 1977, 49 years ago. 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 May 2024, United Fund of Fairmont Inc reported income of $107k and spending of $110k, spending 103% of its income. Across the 2 years on record, from May 2023 to May 2024, income grew from $99k to $107k (+7.6%), an average of +7.6% a year. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, United Fund of Fairmont Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 36th percentile within MN. Charities of a similar size with the same main cause include Friends of Fort Macon Inc ($107k), Friends of the Lynchburg Public Library ($107k) and Wolverine Athletic Booster Club Inc ($107k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 99% of the total. At year end it held assets of $150k against liabilities of $158, net assets of $150k.