Fairfield Arts & Convention Center

Analysis

Fairfield Arts & Convention Center is a registered charity in United States, based in Fairfield, IA. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 June 2023, Fairfield Arts & Convention Center reported income of $1.5m and spending of $1.2m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $956k to $1.5m (+62%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 100%. Over the whole period it spent 87% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Fairfield Arts & Convention Center sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within IA. Charities of a similar size with the same main cause include Kids-N-Camp Fund Inc ($1.5m), Iowa Soccer Association ($1.6m) and Skowhegan State Fair ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 30% of the total. At year end it held assets of $1.6m against liabilities of $99k, net assets of $1.5m. It reported 21 employees.