Fairway Foundation Inc
Fairway Foundation Inc. shows volatile revenue and expenses, consistent asset growth, and no reported officer compensation.
EIN: 201161841 · Madison, WI · NTEE: P60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $189K |
| Program Spending | 70% |
| Net Assets | $1.1M |
| Transparency Score | 75/100 |
Is Fairway Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fairway Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Fairway Foundation Inc
Fairway Foundation Inc (EIN: 201161841) is a nonprofit organization based in Madison, WI, classified under NTEE code P60. The organization reported total revenue of $1.2M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fairway Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fairway Foundation Inc is a mid-size nonprofit that has been operating for 21 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of -14.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $125K |
| Total Expenses | $189K |
| Surplus / Deficit | $-64,486 |
| Total Assets | $1.3M |
| Total Liabilities | $207K |
| Net Assets | $1.1M |
| Operating Margin | -51.8% |
| Debt-to-Asset Ratio | 15.6% |
| Months of Reserves | 84.3 months |
Financial Health Grade: B
In 2023, Fairway Foundation Inc reported a deficit of $64K with expenses exceeding revenue, holds 84.3 months of operating reserves (strong position), has a debt-to-asset ratio of 15.6% (very low leverage).
Financial Trends
Over 9 years of filings (2015–2023), Fairway Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -14.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23.9% | -4.4% | -1.1% |
| 2022 | -87.7% | -56.5% | -17.7% |
| 2021 | +44.7% | -27.7% | +44.9% |
| 2020 | +18.5% | +319.9% | -1.4% |
| 2019 | +190.3% | -38.6% | +34.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Fairway Foundation Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Fairway Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $64K, with expenses exceeding revenue.
- Debt-to-asset ratio: 15.6%.
Executive Compensation Analysis
Fairway Foundation Inc. consistently reports 0% officer compensation across all nine filings, suggesting a volunteer-led executive team or that executive services are provided without direct salary, which can be a positive for donor funds but warrants further investigation into how leadership is compensated or supported.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Fairway Foundation Inc's IRS 990 filings:
- Highly volatile revenue and expense patterns, making financial forecasting challenging.
- Consistent operating deficits in recent years (e.g., 2022 and 2023), relying on prior surpluses or asset drawdowns.
- Lack of detailed expense breakdown beyond summary figures makes it difficult to assess true spending efficiency.
Strengths
The following positive indicators were identified for Fairway Foundation Inc:
- Consistent growth in assets, from $375,397 in 2015 to $1,327,573 in 2023, indicating strong financial management over time.
- No reported officer compensation, potentially maximizing funds available for programmatic activities.
- Significant revenue generation in some years (e.g., $814,356 in 2021), demonstrating capacity for substantial fundraising.
Frequently Asked Questions about Fairway Foundation Inc
Is Fairway Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fairway Foundation Inc (EIN: 201161841) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Fairway Foundation Inc spend its money?
Fairway Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fairway Foundation Inc tax-deductible?
Fairway Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201161841). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Fairway Foundation Inc's spending goes to programs?
Fairway Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Fairway Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Fairway Foundation Inc is above average for NTEE category P60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Fairway Foundation Inc located?
Fairway Foundation Inc is headquartered in Madison, Wisconsin and files with the IRS under EIN 201161841. It is classified under NTEE code P60.
How many years of IRS 990 filings does Fairway Foundation Inc have?
Fairway Foundation Inc has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.2M in total revenue.
Is Fairway Foundation Inc. financially stable given its fluctuating revenue?
While revenue fluctuates significantly, the organization's assets have consistently grown, reaching $1,327,573 in 2023, providing a cushion against revenue shortfalls and indicating a degree of financial stability.
What explains the consistent 0% officer compensation?
The consistent 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based or that compensation is structured in a way not reported as direct officer salary on the 990, such as through a related entity or as non-cash benefits.
How does Fairway Foundation Inc. manage its expenses during periods of low revenue?
In periods of low revenue, such as 2023 ($124,603 revenue vs. $189,089 expenses) and 2022 ($100,550 revenue vs. $197,795 expenses), the organization appears to operate at a deficit, drawing from its accumulated assets to cover expenses. This is sustainable as long as asset growth continues or revenue rebounds.
Filing History
IRS 990 filing history for Fairway Foundation Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Fairway Foundation Inc's revenue has declined by 70.2%, moving from $418K to $125K. Total assets increased by 253.6% over the same period, from $375K to $1.3M. Total functional expenses rose by 16.6%, from $162K to $189K. In its most recent filing year (2023), Fairway Foundation Inc reported a deficit of $64K, with expenses exceeding revenue. The organization holds $207K in liabilities against $1.3M in assets (debt-to-asset ratio: 15.6%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $125K | $189K | $1.3M | $207K | — | — |
| 2022 | $101K | $198K | $1.3M | $158K | — | — |
| 2021 | $814K | $454K | $1.6M | $335K | — | View 990 |
| 2020 | $563K | $629K | $1.1M | $190K | — | View 990 |
| 2019 | $475K | $150K | $1.1M | $140K | — | View 990 |
| 2018 | $164K | $244K | $847K | $170K | — | View 990 |
| 2017 | $531K | $958K | $757K | $0 | — | View 990 |
| 2016 | $746K | $333K | $1.2M | $9K | — | View 990 |
| 2015 | $418K | $162K | $375K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $125K, expenses of $189K, and assets of $1.3M (revenue +23.9% year-over-year).
- 2022: Revenue of $101K, expenses of $198K, and assets of $1.3M (revenue -87.7% year-over-year).
- 2021: Revenue of $814K, expenses of $454K, and assets of $1.6M (revenue +44.7% year-over-year).
- 2020: Revenue of $563K, expenses of $629K, and assets of $1.1M (revenue +18.5% year-over-year).
- 2019: Revenue of $475K, expenses of $150K, and assets of $1.1M (revenue +190.3% year-over-year).
- 2018: Revenue of $164K, expenses of $244K, and assets of $847K (revenue -69.2% year-over-year).
- 2017: Revenue of $531K, expenses of $958K, and assets of $757K (revenue -28.8% year-over-year).
- 2016: Revenue of $746K, expenses of $333K, and assets of $1.2M (revenue +78.6% year-over-year).
- 2015: Revenue of $418K, expenses of $162K, and assets of $375K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fairway Foundation Inc:
Data Sources and Methodology
This transparency report for Fairway Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.