Fairfield Housing Corporation

Analysis

Fairfield Housing Corporation is a registered charity in United States, based in Fairfield, CT. It received its IRS tax-exemption ruling in September 2016, 10 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 (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, Fairfield Housing Corporation reported income of $511k and spending of $632k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $399k to $511k (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 125% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fairfield Housing Corporation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 68th percentile within CT. Charities of a similar size with the same main cause include Family Promise of Bell County Inc ($511k), Lima Inter-Faith Senior Housing Inc ($511k) and Talbot Bernard Senior Housing Corporation ($511k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Other salaries and wages came to $108k. At year end it held assets of $5.2m against liabilities of $3.4m, net assets of $1.8m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.