Fairfax University of America

Analysis

Fairfax University of America is a registered charity in United States, based in Fairfax, VA. It received its IRS tax-exemption ruling in March 2000, 26 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 December 2023, Fairfax University of America reported income of $6.3m and spending of $7.4m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.3m to $6.3m (-24%), an average of -6.7% a year. The sharpest change came in the year to December 2022, when income rose by 104%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fairfax University of America sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within VA. Charities of a similar size with the same main cause include DSST Building Corporation ($6.3m), Creative Arts Charter School ($6.3m) and Cleveland County Partnership for Children Inc ($6.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 8.4% of the total. Compensation of current officers, directors and key employees was $148k (2.0% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $17.6m against liabilities of $470k, net assets of $17.1m. It reported 62 employees.