Fair Health Inc

Analysis

Fair Health Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover health care, 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 June 2023, Fair Health Inc reported income of $37.4m and spending of $34.0m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $26.4m to $37.4m (+42%), an average of +9.1% a year. The sharpest change came in the year to June 2023, when income rose by 15%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Fair Health Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Drew Memorial Hospital Inc ($37.3m), Valley Family Health Care Inc ($37.4m) and Indiana University Health Paoli Inc ($37.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.7% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $3.5m (10% of expenses). Other salaries and wages came to $17.2m. At year end it held assets of $50.3m against liabilities of $24.2m, net assets of $26.1m. It reported 114 employees.