Friedreichs Ataxia Research Alliance Fara

Analysis

Friedreichs Ataxia Research Alliance Fara is a registered charity in United States, based in Downingtown, PA. It received its IRS tax-exemption ruling in May 1999, 27 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Friedreichs Ataxia Research Alliance Fara reported income of $11.2m and spending of $12.2m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.1m to $11.2m (+58%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 77%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Friedreichs Ataxia Research Alliance Fara sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within PA. Charities of a similar size with the same main cause include Northern Illinois Blood Bank Inc ($11.2m), Weld Legacy Foundation ($11.2m) and Bronson Health Foundation Inc ($11.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 107% of the total. Compensation of current officers, directors and key employees was $292k (2.4% of expenses). Other salaries and wages came to $970k. At year end it held assets of $7.8m against liabilities of $1.6m, net assets of $6.1m. It reported 17 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.