Fairlight Foundation

Analysis

Fairlight Foundation is a registered charity in United States, based in New Zealand. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending December 2023, Fairlight Foundation reported income of $168k and spending of $125k, leaving 25% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.2m to $168k (-87%), an average of -63% a year. The sharpest change came in the year to December 2022, when income dropped by 88%. Over the whole period it spent 28% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fairlight Foundation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile. Charities of a similar size with the same main cause include Friends of Las Vegas Academy ($168k), Trung-Tam Van-Hoa Hong-Bang ($168k) and Rutherford B H Yates Museum Inc ($168k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 126% of the total. Compensation of current officers, directors and key employees was $47k (38% of expenses). At year end it held assets of $1.1m against liabilities of $42k, net assets of $1.0m. It reported 1 employees.