Friends of the Fair Inc

Analysis

Friends of the Fair Inc is a registered charity in United States, based in LK Havasu Cty, AZ. It received its IRS tax-exemption ruling in February 2012, 14 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 December 2023, Friends of the Fair Inc reported income of $181k and spending of $93k, leaving 49% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $306k to $181k (-41%), an average of -16% a year. The sharpest change came in the year to December 2021, when income dropped by 52%. Over the whole period it spent 42% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of the Fair Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within AZ. Charities of a similar size with the same main cause include Marcell Family Center ($181k), Usawct Inc ($181k) and Montgomery Hockey Conference Incorporated ($181k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% of the total. At year end it held assets of $783k against liabilities of $0, net assets of $783k.