Fairmont Ag Foundation

Analysis

Fairmont Ag Foundation is a registered charity in United States, based in Sanger, CA. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2023, Fairmont Ag Foundation reported income of $97k and spending of $29k, leaving 71% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $740k to $97k (-87%), an average of -87% a year. The sharpest change came in the year to June 2023, when income dropped by 87%. Over the whole period it spent 20% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Fairmont Ag Foundation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within CA. Charities of a similar size with the same main cause include Littleton Science Technology Engineering and Mathematics Educat ($97k), All for One Productions Inc ($97k) and Regents of the University of Minnesota ($97k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% of the total. At year end it held assets of $751k against liabilities of $0, net assets of $751k.