Overview
What is Fair Health Inc?
Fair Health Inc, a not-for-profit corporation based in New York City, is dedicated to bringing transparency to healthcare costs and insurance information. They operate a free educational website for consumers, providing them with accurate and unbiased estimates and planning tools for medical and dental expenditures. Fair Health's offerings extend to data products for businesses, governmental agencies, healthcare providers, and insurance companies, as well as research analytics and data for academic researchers, policymakers, and media. With a team of experts in healthcare, statistics, technology, and communications, Fair Health aims to deliver consistent and timely information to all stakeholders in the healthcare sector. Their mission is to offer comprehensive data products and consumer resources, ultimately contributing to a more informed and cost-effective healthcare system.
Official website here: www.fairhealth.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
Fair Health Inc has achieved an impressive score of 96% from Charity Navigator, indicating strong accountability and financial management within the organization. The rating is based solely on financial metrics, suggesting that the nonprofit excels in transparency and responsible handling of funds. With a focus on accountability, Fair Health Inc demonstrates sound governance practices, including a fully independent board and comprehensive policies in place.
The organization boasts a high level of program expense ratio at 85.85%, which reflects its commitment to directing funds towards its mission rather than administrative costs. The oversight measures, including an effective audit committee and absence of material diversion of assets, further solidify the organization's credibility and reliability in financial reporting. Fair Health Inc's adherence to best practices in governance and finance is evident, promoting trust among its stakeholders.
However, while the organization scores exceptionally well in accountability and finance, the summary does not provide insights into its programmatic effectiveness or outcomes. Potential donors and stakeholders may want to consider looking for additional qualitative assessments or impact reports to gain a fuller understanding of the nonprofit's overall performance and the effectiveness of its initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Fair Health Inc legitimate?
Fair Health Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fair Health Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,665,448
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,447,130
For more financial information, click here
Official website here: www.fairhealth.org
What is the mission statement of Fair Health Inc?
Fair Health Inc is a not-for-profit corporation dedicated to bringing transparency to healthcare costs and insurance information. Through comprehensive data products and consumer resources, the organization aims to make healthcare pricing more accessible and understandable for all. Fair Health's mission is to provide unbiased, objective data to researchers, government agencies, healthcare providers, insurance companies, and benefit managers. Their free website empowers consumers to estimate and plan their medical and dental expenses, and offers clear, educational articles and videos about the healthcare insurance reimbursement system. In addition to its consumer offerings, Fair Health licenses data products to various businesses and organizations, and provides research analytics and data to academic researchers, policymakers, and media. With a team of healthcare, statistics, technology, and communications experts, Fair Health strives to offer accurate, consistent, and timely information to all stakeholders in the healthcare system.
Official website here: www.fairhealth.org
Who is the CEO of Fair Health Inc?
Robin Gelburd is the President of Fair Health Inc.
Official website here: www.fairhealth.org
What is the revenue of Fair Health Inc?
Fair Health Inc's revenue in 2022 was $32,401,678.
Official website here: www.fairhealth.org
Who are the executives of Fair Health Inc and what are their salaries?
The average compensation at Fair Health Inc during 2022 was $167,709. There are 108 employees and 9 volunteers at Fair Health Inc.
Here are 20 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $800,177
- Related: $0
- Other: $179,067
- Compensation: $416,203
- Related: $0
- Other: $76,360
- Compensation: $468,982
- Related: $0
- Other: $72,598
- Compensation: $586,806
- Related: $0
- Other: $30,446
- Compensation: $412,170
- Related: $0
- Other: $71,961
- Compensation: $350,377
- Related: $0
- Other: $35,876
- Compensation: $415,635
- Related: $0
- Other: $69,212
- Compensation: $395,061
- Related: $0
- Other: $47,375
- Compensation: $310,137
- Related: $0
- Other: $62,485
Official website here: www.fairhealth.org
Where can I find the form 990 for Fair Health Inc?
Fair Health Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fairhealth.org
Learn more at the official website: www.fairhealth.org
Mission Statement of Fair Health Inc
Fair Health Inc, a prominent not-for-profit organization, is dedicated to bringing transparency to healthcare costs and health insurance information for both consumers and the entire healthcare sector. With a mission rooted in comprehensive data products and consumer resources, Fair Health strives to make healthcare costs more accessible and understandable for all.
The corporation's primary objective is to provide a vast database of billed medical and dental services to power its free website, which helps consumers estimate and plan their medical and dental expenditures. The website offers clear, unbiased educational articles and videos about the healthcare insurance reimbursement system, ensuring individuals are well-informed before making crucial healthcare decisions.
Furthermore, Fair Health licenses its data products to businesses, governmental agencies, and healthcare providers, expanding the reach of its valuable information. Additionally, the organization offers research analytics and data to academic researchers, policymakers, and media outlets, contributing to the ongoing dialogue about healthcare costs and insurance.
Fair Health's team of experts in healthcare, statistics, technology, and communications work tirelessly to offer accurate, consistent, and timely information to all stakeholders in the healthcare system. By making healthcare costs more transparent, Fair Health aims to empower consumers and inform the broader healthcare community, ultimately leading to more informed decisions and better health outcomes for all.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Fair Health Inc significantly enhances transparency in healthcare costs and health insurance information, benefiting both consumers and a wide array of stakeholders across the healthcare sector. By leveraging a vast database containing billions of billed medical and dental services, Fair Health empowers consumers to estimate and plan their medical and dental expenditures through a user-friendly, free website.
This platform not only provides cost estimates but also features clear, unbiased educational resources that elucidate the complexities of the healthcare insurance reimbursement system. These resources help consumers navigate healthcare decisions with greater confidence and understanding.
Additionally, Fair Health serves as a valuable data resource for businesses, governmental agencies, healthcare providers, and academic researchers. By licensing data products and providing research analytics, Fair Health supports evidence-based decision-making and policy development. The organization's commitment to delivering accurate, consistent, and timely information fosters trust and clarity in a complicated healthcare landscape, ultimately aiming to improve the overall efficiency and accessibility of healthcare services.
This information is meant to be a general summary of Fair Health Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,142,893
- Program Service Revenue: $31,223,126
- Gross Receipts: $38,090,595
Assets and Liabilities:
- Total Assets: $43,905,293
- Total Liabilities: $21,783,620
- Net Assets: $22,121,673
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DATABASE LICENSING
Revenue
$31,223,126
Organization Details
Founding Year
2009
Phone
(212) 370-0704Principal Officer
Robin Gelburd
Main Address
530 FIFTH AVENUE 18TH FLOOR, NEW YORK, NY, 10036
Website
www.fairhealth.orgNTEE Category
Code: E70 - Health
If you are a representative of Fair Health Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.