Farley L Berman Foundation Inc

Analysis

Farley L Berman Foundation Inc is a registered charity in United States, based in Anniston, AL. It received its IRS tax-exemption ruling in September 1993, 33 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 September 2023, Farley L Berman Foundation Inc reported income of $381k and spending of $24k, leaving 94% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $325k to $381k (+17%), an average of +4.0% a year. The sharpest change came in the year to September 2023, when income rose by 972%. Over the whole period it spent 12% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Farley L Berman Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within AL. Charities of a similar size with the same main cause include CDMHS Touchdown Club Inc ($381k), Bible Visuals International Inc ($381k) and Sheboygan County Half-Way House Inc ($381k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $9.9m against liabilities of $0, net assets of $9.9m.