Farhang Foundation

Analysis

Farhang Foundation is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 March 2023, Farhang Foundation reported income of $5.3m and spending of $1.8m, leaving 66% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income grew from $2.2m to $5.3m (+136%), an average of +24% a year. The sharpest change came in the year to March 2023, when income rose by 176%. Over the whole period it spent 62% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Farhang Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Crossroads Services Inc ($5.3m), Mi Casa Resource Center ($5.3m) and St Vincent de Paul Society Inc ($5.3m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $254k (14% of expenses). Other salaries and wages came to $142k. At year end it held assets of $5.9m against liabilities of $384k, net assets of $5.5m. It reported 3 employees.