Fairsky Foundation

Analysis

Fairsky Foundation is a registered charity in United States, based in Ferndale, MI. It received its IRS tax-exemption ruling in January 2019, 7 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fairsky Foundation reported income of $3.3m and spending of $3.2m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $934k to $3.3m (+254%), an average of +37% a year. The sharpest change came in the year to December 2020, when income rose by 68%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Fairsky Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within MI. Charities of a similar size with the same main cause include Trinitas Foundation ($3.3m), Childrens Radiology Associates of New Jersey PC ($3.3m) and Applied Behavioral Rehabilitation Institute Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $129k (4.0% of expenses). At year end it held assets of $609k against liabilities of $0, net assets of $609k. It reported 37 employees.