Fairfield Library Association Inc

Analysis

Fairfield Library Association Inc is a registered charity in United States, based in Fairfield, TX. It received its IRS tax-exemption ruling in March 1967, 59 years ago. 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 Library Association Inc reported income of $57k and spending of $111k, spending 196% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $124k to $57k (-54%), an average of -18% a year. The sharpest change came in the year to December 2022, when income dropped by 57%. Over the whole period it spent 120% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fairfield Library Association Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within TX. Charities of a similar size with the same main cause include Resurgence Alliance ($57k), PTA California Congress of Parents Teachers & Students Inc ($57k) and Road Runners Club of America ($57k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% of the total. Compensation of current officers, directors and key employees was $27k (24% of expenses). Other salaries and wages came to $27k. At year end it held assets of $934k against liabilities of $0, net assets of $934k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.