Fairfax Education Association Retirement Housing Corporation

Analysis

Fairfax Education Association Retirement Housing Corporation is a registered charity in United States, based in Chevy Chase, MD. It received its IRS tax-exemption ruling in January 1980, 46 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fairfax Education Association Retirement Housing Corporation reported income of $5.8m and spending of $4.2m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.8m to $5.8m (+21%), an average of +4.9% a year. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fairfax Education Association Retirement Housing Corporation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MD. Charities of a similar size with the same main cause include Clatsop Community Action ($5.8m), Santa Teresita Inc ($5.8m) and Kaposia Inc ($5.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 92% of the total. Other salaries and wages came to $589k. At year end it held assets of $29.7m against liabilities of $17.4m, net assets of $12.3m. It reported 12 employees.