Fairmont Area Kinship Inc

Analysis

Fairmont Area Kinship Inc is a registered charity in United States, based in Fairmont, MN. It received its IRS tax-exemption ruling in July 2000, 26 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, Fairmont Area Kinship Inc reported income of $106k and spending of $136k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $119k to $106k (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fairmont Area Kinship Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within MN. Charities of a similar size with the same main cause include Duncan Manor II Incorporated ($106k), Family Impact Centers ($106k) and Minisink Valley Parent Teacher Organization Inc ($106k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. Compensation of current officers, directors and key employees was $96k (71% of expenses). At year end it held assets of $137k against liabilities of $0, net assets of $137k. It reported 3 employees.