Fairness & Accuracy in Reporting Inc

Analysis

Fairness & Accuracy in Reporting Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1988, 38 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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, Fairness & Accuracy in Reporting Inc reported income of $462k and spending of $586k, spending 127% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $631k to $462k (-27%), an average of -9.8% a year. The sharpest change came in the year to June 2022, when income dropped by 52%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fairness & Accuracy in Reporting Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Obodo Collective ($462k), Urban League of the Greater San Francisco Bay Area ($463k) and Community Resource Connection Inc ($462k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 7.7% of the total. Other salaries and wages came to $313k. At year end it held assets of $958k against liabilities of $77k, net assets of $880k. It reported 7 employees.