Fairness & Accuracy in Reporting INC EIN 13-3392362 Form 990 (PDF) Claim this org

Fairness & Accuracy in Reporting INC

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Helps people with disabilities access community resources and live independently. For fiscal year 2024 it reported $551K in revenue, $629K in expenses, and $651K in net assets.Pt I

Founded
1986
Type
Public charity (501(c)(3)) · Community Development
Location
New York, NY
Website
www.fair.org
Filings
5 on file (2020–2024)
Revenue
$551KFY2024
Expenses
$629K
Net assets
$651K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  13-3392362 Public charity (501(c)(3)) New York, NY Founded 1986
Form 990 (PDF)
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Size
$100K–1M
What they do
Helps people with disabilities access community resources and live independently.
Leadership
Karl Grossman · Secretary · $1K
Money in and out
$551K revenue, $629K expenses
Bottom line
81% program efficiency
Where the money goes · FY2024
Total revenue
$551K
Pt VIII · Ln 12
Total expenses
$629K
Pt IX · Ln 25
Net assets
$651K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$78K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.13 Fundraising $0.06
Program efficiency
81%
of spending reaches programs▼ -6% vs prior filing year
Operating runway
13.0mo
months of highly liquid reserves at operating expense rate▼ -9% vs prior filing year
Surplus margin
-14%
revenue over expenses, this year▲ +61% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$551K
FY2024▲ +25%
Expenses
$629K
FY2024▲ +5%
Total assets
$803K
FY2024▼ -10%
Total liabilities
$151K
FY2024▼ -11%
Total revenue
$551K
Pt VIII · Ln 12
Total expenses
$629K
Pt IX · Ln 25
Net assets
$651K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$78K
Total assetsPt X · Ln 16$803K
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFairness & Accuracy in Reporting INC
EINHdr · item D13-3392362
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jwww.fair.org
Year of formationHdr · item L1986
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S50Z)
Ruling yearIRS BMFMay 1988

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Secretary
$600Pt VII · Sec A
$600Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Member (deceased-March 25, 2025)
$0Pt VII · Sec A

Karl Grossman’s $600 as Secretary is at the 1st percentile of top reported officer pay among 1708 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2024FY2021FY2020
Deborah Thomas$68,320$66,752
Robin Andersen$600$900
Karl Grossman$600

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $511K of program spending, described in the organization's own filed words · FY2024.
01

Fair is the publisher of the newsletter extra! Extra! Publishes well-documented articles examining inaccurate or bias reporting, censored news, PRESS/STATE cronyism, the power of corporate owners and advertisers, and the exclusion of progressive voices in the mainstream media.

$217Kprogram expense
02

Fair researches and analyzes news reports for examples of bias and inaccuracies. It also documents instances of corporate and advertising influence in the news. With studies, reports and interviews fair presents fact-based information to the public with its print newsletter, weekly radio show and website.

$172Kprogram expense
03

Counterspin is the weekly half-hour radio show of fair that broadcasts on over 150 non-commercial stations across the country. It is also available online. The show covers a number of news items from the past week and then conducts interviews on two major news stories by experts in the field.

$121Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$498K · 90%
Program service revenue$32K · 6%
Investment income$18K · 3%
Other revenue$3K · 1%
Contributions & grants90%$498K
Program service revenue6%$32K
Investment income3%$18K
Other revenue1%$3K
Total revenueLn 12$551K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.13 Fundraising $0.06
Program services81%$511K
Management & general13%$83K
Fundraising6%$35K
Total functional expensesLn 25$629K

Balance Sheet

Part X · end of year
CashLn 1$148K
Total assetsLn 16$803K
Total liabilitiesLn 26$151K
Total net assetsLn 32$651K
Months of cash on handcomputed2.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $673K · Operating expenses (Pt IX) $629K · Less non-cash grants $5K · Cash operating expenses/yr $624K
13.0 months
Where the money goes
Program services
Program services $511K · Total expenses $629K
81%
Management & General
Management & general $83K · Total expenses $629K
13%
Fundraising
Fundraising $35K · Total expenses $629K
6%
Cost to raise $1
Fundraising expense (3-yr avg) $32K · Solicited contributions (3-yr avg) $433K
$0.07 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $498K · Total revenue $551K
90%
Government reliance
Government grants — · Total revenue $551K
Earned-income share
Program service revenue $32K · Total revenue $551K
6%
Investment reliance
Investment income $18K · Total revenue $551K
+3%
Program self-sufficiency
Program service revenue $32K · Total expenses $629K
5%
Growth & trend
Revenue growth (YoY)
This year $551K · Prior year $442K
+25%
Revenue CAGR
FY2019 $631K · FY2024 $551K
-3%
Net-asset trend (YoY)
End of year $651K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $551K · Expenses $629K
-14%
Liabilities-to-Assets
Total liabilities — · Total assets $803K
Net-asset ratio
Net assets $651K · Total assets $803K
81%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $525K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $803K
65%
People & payroll
Highest Reported Total Compensation
Individual Karl Grossman · Reported title SECRETARY · Highest reported compensation $600 · Total expenses $629K
0.10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $444K · Total expenses $629K
71%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 81%
Overhead ratio 13%
Fundraising cost ratio 7%
Revenue growth 25%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 7 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$442K revenue · ⤓ 990 PDF
FY2023$462K revenue · ⤓ 990 PDF
FY2022$454K revenue · ⤓ 990 PDF
FY2021$953K revenue · ⤓ 990 PDF
FY2020$631K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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