Fair Underwriters Inc

Analysis

Fair Underwriters Inc is a registered charity in United States, based in Davenport, IA. It received its IRS tax-exemption ruling in May 1975, 51 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Fair Underwriters Inc reported income of $340k and spending of $340k, spending 100% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $222k to $340k (+53%), an average of +11% a year. The sharpest change came in the year to May 2021, when income rose by 29%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Fair Underwriters Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within IA. Charities of a similar size with the same main cause include Cumberland Hot Stove League Inc ($340k), Waubonsie Valley Hockey Club Inc ($340k) and Starr Camp & Conference Center ($340k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 12% of the total. At year end it held assets of $26k against liabilities of $26k, net assets of $185.