Far and Wise Inc

Analysis

Far and Wise Inc is a registered charity in United States, based in Hailey, ID. It received its IRS tax-exemption ruling in December 2012, 14 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 June 2023, Far and Wise Inc reported income of $1.6m and spending of $854k, leaving 46% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $256k to $1.6m (+516%), an average of +83% a year. The sharpest change came in the year to June 2021, when income rose by 160%. Over the whole period it spent 50% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Far and Wise Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within ID. Charities of a similar size with the same main cause include Institute for Clinical Social Work ($1.6m), Academy Hill Center for Gifted Children Inc ($1.6m) and Khalsa Montessori Primary School ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $487k. At year end it held assets of $2.2m against liabilities of $4,883, net assets of $2.2m. It reported 17 employees.