Farrr Foundation

Analysis

Farrr Foundation is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in April 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Farrr Foundation reported income of $3.9m and spending of $3.9m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $104k to $3.9m (+3681%), an average of +148% a year. The sharpest change came in the year to December 2022, when income rose by 412%. Over the whole period it spent 121% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Farrr Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include National Christian Foundation Inc ($3.9m), Resource Generation ($3.9m) and Association of State Service Commissions ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $56k (1.4% of expenses). Other salaries and wages came to $127k. At year end it held assets of $5.3m against liabilities of $1.2m, net assets of $4.1m.