Fairfax State Savings Bank Charitable Trust
EIN: 421356335 · Fairfax, IA
| Metric | Value |
|---|---|
| Total Revenue | $16K |
| Total Expenses | $17K |
| Net Assets | $525K |
Is Fairfax State Savings Bank Charitable Trust Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Fairfax State Savings Bank Charitable Trust
Fairfax State Savings Bank Charitable Trust (EIN: 421356335) is a nonprofit organization based in Fairfax, IA. The organization reported total revenue of $16K and total assets of $527K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fairfax State Savings Bank Charitable Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fairfax State Savings Bank Charitable Trust is a micro nonprofit that has been operating for 36 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $31K |
| Total Expenses | $17K |
| Surplus / Deficit | +$14K |
| Total Assets | $525K |
| Total Liabilities | $1 |
| Net Assets | $525K |
| Operating Margin | 45.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 373.8 months |
Financial Health Grade: A
In 2023, Fairfax State Savings Bank Charitable Trust reported a surplus of $14K with revenue exceeding expenses, holds 373.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Fairfax State Savings Bank Charitable Trust's revenue has grown at a compound annual growth rate (CAGR) of 4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +86.1% | -52.2% | +2.8% |
| 2022 | -57.0% | +29.1% | -3.5% |
| 2021 | +30.2% | +34.3% | +2.2% |
| 2020 | +9.9% | -16.1% | +1.9% |
| 2019 | +75.7% | -24.7% | -4.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Fairfax State Savings Bank Charitable Trust has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Fairfax State Savings Bank Charitable Trust with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $14K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Fairfax State Savings Bank Charitable Trust
Is Fairfax State Savings Bank Charitable Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Fairfax State Savings Bank Charitable Trust (EIN: 421356335) insufficient data. 0 red flags identified, 0 strengths noted.
How does Fairfax State Savings Bank Charitable Trust spend its money?
Detailed spending breakdown data is not yet available for Fairfax State Savings Bank Charitable Trust. Check back for updated IRS 990 analysis.
Are donations to Fairfax State Savings Bank Charitable Trust tax-deductible?
Fairfax State Savings Bank Charitable Trust is registered as a tax-exempt nonprofit (EIN: 421356335). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Fairfax State Savings Bank Charitable Trust located?
Fairfax State Savings Bank Charitable Trust is headquartered in Fairfax, Iowa and files with the IRS under EIN 421356335.
How many years of IRS 990 filings does Fairfax State Savings Bank Charitable Trust have?
Fairfax State Savings Bank Charitable Trust has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $16K in total revenue.
Filing History
IRS 990 filing history for Fairfax State Savings Bank Charitable Trust showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Fairfax State Savings Bank Charitable Trust's revenue has grown by 71.3%, moving from $18K to $31K. Total assets decreased by 18.1% over the same period, from $641K to $525K. Total functional expenses fell by 74%, from $65K to $17K. In its most recent filing year (2023), Fairfax State Savings Bank Charitable Trust reported a surplus of $14K, with revenue exceeding expenses. The organization holds $1 in liabilities against $525K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $525K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $31K | $17K | $525K | $1 | — | — |
| 2022 | $17K | $35K | $511K | $1 | — | View 990 |
| 2021 | $39K | $27K | $530K | $1 | — | — |
| 2020 | $30K | $20K | $518K | $1 | — | View 990 |
| 2019 | $27K | $24K | $509K | $1 | — | View 990 |
| 2015 | $15K | $32K | $532K | $1 | — | View 990 |
| 2014 | $17K | $45K | $549K | $1 | — | View 990 |
| 2013 | $9K | $37K | $577K | $1 | — | View 990 |
| 2012 | $11K | $48K | $604K | $0 | — | View 990 |
| 2011 | $18K | $65K | $641K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $31K, expenses of $17K, and assets of $525K (revenue +86.1% year-over-year).
- 2022: Revenue of $17K, expenses of $35K, and assets of $511K (revenue -57.0% year-over-year).
- 2021: Revenue of $39K, expenses of $27K, and assets of $530K (revenue +30.2% year-over-year).
- 2020: Revenue of $30K, expenses of $20K, and assets of $518K (revenue +9.9% year-over-year).
- 2019: Revenue of $27K, expenses of $24K, and assets of $509K (revenue +75.7% year-over-year).
- 2015: Revenue of $15K, expenses of $32K, and assets of $532K (revenue -8.8% year-over-year).
- 2014: Revenue of $17K, expenses of $45K, and assets of $549K (revenue +79.6% year-over-year).
- 2013: Revenue of $9K, expenses of $37K, and assets of $577K (revenue -15.4% year-over-year).
- 2012: Revenue of $11K, expenses of $48K, and assets of $604K (revenue -38.5% year-over-year).
- 2011: Revenue of $18K, expenses of $65K, and assets of $641K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fairfax State Savings Bank Charitable Trust:
Data Sources and Methodology
This transparency report for Fairfax State Savings Bank Charitable Trust is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.