Friends of the Farris Inc

Analysis

Friends of the Farris Inc is a registered charity in United States, based in Richmond, MO. It received its IRS tax-exemption ruling in April 1996, 30 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2024, Friends of the Farris Inc reported income of $165k and spending of $168k, spending 102% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $88k to $165k (+88%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 54%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Farris Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within MO. Charities of a similar size with the same main cause include Polari Inc ($165k), St Patrick Foundation ($165k) and National Polka Festival of Ennis Texas ($165k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 11% and program service revenue 58% of the total. Other salaries and wages came to $61k. At year end it held assets of $654k against liabilities of $18k, net assets of $636k. It reported 3 employees.