Fairwind Learning Center Corp

Analysis

Fairwind Learning Center Corp is a registered charity in United States, based in Marblehead, MA. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Fairwind Learning Center Corp reported income of $671k and spending of $608k, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $571k to $671k (+17%), an average of +4.1% a year. The sharpest change came in the year to June 2021, when income dropped by 100%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fairwind Learning Center Corp sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include Wharton County Fellowship Christian School ($671k), Ligonier Public Library ($671k) and San Ramon Valley Education Foundation ($671k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Other salaries and wages came to $404k. At year end it held assets of $149k against liabilities of $23k, net assets of $126k. It reported 12 employees.