Far West Center

Analysis

Far West Center is a registered charity in United States, based in Westlake, OH. It received its IRS tax-exemption ruling in May 1974, 52 years ago. 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 June 2023, Far West Center reported income of $1.1m and spending of $1.1m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $1.1m (-26%), an average of -7.1% a year. The sharpest change came in the year to June 2022, when income dropped by 23%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Far West Center sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within OH. Charities of a similar size with the same main cause include Apprentices & Journeymen TRNG FD of the Flint PLBG & Pipefitting Ind ($1.1m), The Pacific Pride Foundation Inc ($1.1m) and Asian-American Community Services ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $135k (12% of expenses). Other salaries and wages came to $362k. At year end it held assets of $1.2m against liabilities of $116k, net assets of $1.1m. It reported 14 employees.