Fair Chance

Analysis

Fair Chance is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2003, 23 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, Fair Chance reported income of $2.1m and spending of $2.5m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.5m to $2.1m (-38%), an average of -11% a year. The sharpest change came in the year to December 2022, when income rose by 53%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fair Chance sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 68th percentile within DC. Charities of a similar size with the same main cause include Turning Point Childrens Social Services ($2.1m), Paradise Community Center ($2.1m) and Gateway Housing First Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $309k (13% of expenses). Other salaries and wages came to $1.2m. It paid $37k in professional fundraising fees. At year end it held assets of $1.8m against liabilities of $547k, net assets of $1.3m. It reported 19 employees.