Fairhope Educational Enrichment Foundation Inc

Analysis

Fairhope Educational Enrichment Foundation Inc is a registered charity in United States, based in Fairhope, AL. It received its IRS tax-exemption ruling in March 1996, 30 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 July 2023, Fairhope Educational Enrichment Foundation Inc reported income of $365k and spending of $262k, leaving 28% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $289k to $365k (+26%), an average of +6.0% a year. The sharpest change came in the year to July 2022, when income rose by 80%. Over the whole period it spent 71% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fairhope Educational Enrichment Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within AL. Charities of a similar size with the same main cause include Pro Arte Musical Inc ($365k), Society for Cultural Exchange Inc ($365k) and Austin Science Education Foundation ($365k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 38% of the total. Other salaries and wages came to $86k. At year end it held assets of $3.6m against liabilities of $365k, net assets of $3.2m. It reported 1 employees.