Farther Foundation

Analysis

Farther Foundation is a registered charity in United States, based in Oak Park, IL. It received its IRS tax-exemption ruling in September 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Farther Foundation reported income of $772k and spending of $204k, leaving 74% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $156k to $772k (+395%), an average of +395% a year. The sharpest change came in the year to December 2023, when income rose by 395%. Over the whole period it spent 39% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Farther Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within IL. Charities of a similar size with the same main cause include United Stroke Alliance ($772k), Ardrey Kell High School Athletic Booster Club ($772k) and Christ the Savior Academy Inc ($772k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $3,000 (1.5% of expenses). At year end it held assets of $809k against liabilities of $0, net assets of $809k.