Fairfield Foundation TBS

Analysis

Fairfield Foundation TBS is a registered charity in United States, based in White Marsh, VA. It received its IRS tax-exemption ruling in October 2001, 25 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Foundation TBS reported income of $407k and spending of $244k, leaving 40% of income unspent that year. Across the 5 years on record, from March 2020 to December 2023, income grew from $393k to $407k (+3.6%), an average of +0.9% a year. The sharpest change came in the year to March 2022, when income rose by 181%. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fairfield Foundation TBS sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within VA. Charities of a similar size with the same main cause include National Society of the Daughters of the American Revolution ($406k), Owensboro Museum of Fine Art Inc ($407k) and Salt Contemporary Dance Inc ($406k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $58k (24% of expenses). Other salaries and wages came to $102k. At year end it held assets of $1.5m against liabilities of $49k, net assets of $1.5m. It reported 17 employees.