Fairway Foundation Inc

Analysis

Fairway Foundation Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in April 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Fairway Foundation Inc reported income of $125k and spending of $189k, spending 152% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $475k to $125k (-74%), an average of -28% a year. The sharpest change came in the year to December 2022, when income dropped by 88%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fairway Foundation Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within WI. Charities of a similar size with the same main cause include Josh Neuman Foundation Inc ($125k), Elderfriends a Foundation for Older Adults ($125k) and Veterans for Veterans of Archuleta County ($125k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $1.3m against liabilities of $207k, net assets of $1.1m.