Fairsport Inc

Analysis

Fairsport Inc is a registered charity in United States, based in Forked River, NJ. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 March 2024, Fairsport Inc reported income of $506k and spending of $496k, spending 98% of its income. Across the 6 years on record, from March 2019 to March 2024, income grew from $488k to $506k (+3.6%), an average of +0.7% a year. The sharpest change came in the year to March 2021, when income dropped by 18%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Fairsport Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within NJ. Charities of a similar size with the same main cause include Starlings Volleyball Clubs USA ($506k), Albert & Amelia Ferst Operating Foundation ($506k) and Santa Maria Swim Club Inc ($506k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $14k against liabilities of $2,461, net assets of $11k.