Fairy Godmother Project

Analysis

Fairy Godmother Project is a registered charity in United States, based in Fredericksburg, VA. It received its IRS tax-exemption ruling in May 2012, 14 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, Fairy Godmother Project reported income of $396k and spending of $455k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $415k to $396k (-4.4%), an average of -1.1% a year. The sharpest change came in the year to December 2020, when income dropped by 24%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fairy Godmother Project sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within VA. Charities of a similar size with the same main cause include Deltas of Charlotte Inc ($396k), Love Fosters Hope ($396k) and Kingdom Kids Homes ($396k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% of the total. Compensation of current officers, directors and key employees was $62k (14% of expenses). Other salaries and wages came to $129k. At year end it held assets of $720k against liabilities of $8,635, net assets of $711k. It reported 10 employees.