Fairwaycares Inc

Analysis

Fairwaycares Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Fairwaycares Inc reported income of $1.2m and spending of $1.1m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.2m (-15%), an average of -4.0% a year. The sharpest change came in the year to December 2020, when income rose by 82%. Over the whole period it spent 76% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Fairwaycares Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within WI. Charities of a similar size with the same main cause include Bina Stroke and Brain Injury Assistance Inc ($1.2m), Central Florida Area Health Education Center Inc ($1.2m) and Albemarle Hospital Foundation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $4.1m against liabilities of $49k, net assets of $4.0m.