Fairfax Library Foundation Inc

Analysis

Fairfax Library Foundation Inc is a registered charity in United States, based in Fairfax, VA. It received its IRS tax-exemption ruling in February 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Fairfax Library Foundation Inc reported income of $503k and spending of $494k, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $358k to $503k (+41%), an average of +8.9% a year. The sharpest change came in the year to June 2022, when income rose by 338%. Over the whole period it spent 58% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fairfax Library Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within VA. Charities of a similar size with the same main cause include Oak Park Turning Point Montessori ($502k), Father Vincent Capodanno High School ($503k) and Bay Area Leeds ($502k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 64% and program service revenue 0.4% of the total. Other salaries and wages came to $37k. At year end it held assets of $7.5m against liabilities of $470k, net assets of $7.0m. It reported 3 employees.