Recreation & Sports (N20) IRS Verified DX Registered 990 on File

FRESH AIR FUND

EIN: 13-1656653 · NEW YORK, NY 10017-6706 · United States · FY 2024 Data

3 out of 5 57 / 100 Based on 2+ years of filings

Financial strength (30%) 80/100

Reliability (20%) 55/100

Effectiveness (25%) 88/100

Impact (25%) No data yet

Financial data: FY 2024 · Scored 9/13/2026

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Mission Statement

Since its founding in 1877, The Fresh Air Fund has provided life-changing summer experiences for children from New York City’s underserved communities.

Financial Overview — FY 2024

$21.2M

Total Revenue

$23.6M

Total Expenses

$143.7M

Net Assets

649

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 75.7%

Fundraising Efficiency 2995.5%

Operating Reserve 72.96x

Liability-to-Asset 0.9%

Revenue Diversification 82.0%

Executive Compensation $682K

Compared with Peers

FY 2024

Compared with 121 similar organizations (United States, Recreation & Sports, $10M–$100M in expenses), FY 2024.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	75.7%	84.8%	P10P90	Bottom quarter
Admin expense ratio Management and general / total expenses · lower is better	8.6%	9.6%	P10P90	Above median
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	15.8%	0.6%	P10P90	Bottom quarter
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	2995.5%	339.4%	P10P90	Bottom quarter
Operating reserve Months of expenses covered by net assets · higher is better	73.0 mo	12.0 mo	P10P90	Top quarter
Liabilities to assets Total liabilities / total assets · lower is better	0.9%	18.5%	P10P90	Top quarter
Revenue concentration Share of revenue from the largest source · lower is better	82.0%	84.5%	P10P90	Above median
Revenue growth Year over year revenue growth	41.1%	7.4%	P10P90
Expense growth Year over year expense growth	4.1%	7.7%	P10P90
Surplus margin Surplus as a share of revenue	-11.4%	3.8%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2024	$21.2M	$23.6M	$143.7M	75.7%	649
2023	$15.0M	$22.7M	$136.4M	73.2%	531
2022	$15.6M	$21.5M	$133.7M	70.9%	455
2021	$17.5M	$19.1M	N/A	—	390

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Organization Details

EIN: 13-1656653
State: NY
City: NEW YORK
ZIP: 10017-6706
Classification: N20
Category: Recreation & Sports
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 1877
Foundation Code: 15
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

★★★★★ 80–100 ★★★★☆ 60–79 ★★★☆☆ 40–59 ★★☆☆☆ 20–39 ★☆☆☆☆ 1–19

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