The Fairy Godfathers Inc

Analysis

The Fairy Godfathers Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, The Fairy Godfathers Inc reported income of $75k and spending of $133k, spending 176% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $225k to $75k (-67%), an average of -66% a year. The sharpest change came in the year to December 2023, when income dropped by 67%. Over the whole period it spent 83% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Fairy Godfathers Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 33rd percentile within FL. Charities of a similar size with the same main cause include The Sertoma Club of Bradenton Inc ($75k), Marie Mills Foundation Inc ($75k) and Hands of Compassion International Inc ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 67% of the total. At year end it held assets of $77k against liabilities of $0, net assets of $77k.