Health Care (E12) IRS Verified DX Registered 990 on File

FLY FOUNDATION

EIN: 27-4210837 · FALL RIVER, MA 02720-5016 · United States · FY 2024 Data

3 out of 5 47 / 100 Based on 2+ years of filings

Financial strength (30%) 64/100

Reliability (20%) 50/100

Effectiveness (25%) 73/100

Impact (25%) No data yet

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

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Mission Statement

The FLY Foundation will provide support to young adults diagnosed with cancer, aged 19-39, who are US citizens and residents of Massachusetts or Rhode Island. Funds may reimburse recipients for co-insurance, co-pays, and living expenses, including rent/mortgage payment and utilities, during treatment.

Financial Overview — FY 2024

$32K

Total Revenue

$35K

Total Expenses

$136K

Net Assets

N/A

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 94.1%

Fundraising Efficiency N/A

Operating Reserve 46.38x

Liability-to-Asset N/A

Revenue Diversification 98.5%

Compared with Peers

FY 2024

Compared with 3,338 similar organizations (United States, Health Care, under $100K 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	94.1%	81.7%	P10P90	Above median
Operating reserve Months of expenses covered by net assets · higher is better	46.4 mo	26.5 mo	P10P90	Above median
Revenue concentration Share of revenue from the largest source · lower is better	98.5%	99.9%	P10P90	Above median
Revenue growth Year over year revenue growth	-15.6%	0.4%	P10P90
Expense growth Year over year expense growth	3.9%	-2.5%	P10P90
Surplus margin Surplus as a share of revenue	-11.8%	16.6%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2024	$32K	$35K	$136K	94.1%	—
2023	$37K	$34K	$140K	93.6%	—
2022	$72K	$48K	$137K	94.7%	—
2021	$81K	$43K	N/A	—	1

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Organization Details

EIN: 27-4210837
State: MA
City: FALL RIVER
ZIP: 02720-5016
Classification: E12
Category: Health Care
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 2010
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

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