Far Away Projects

Analysis

Far Away Projects is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Far Away Projects reported income of $4.4m and spending of $4.4m, spending 98% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $859k to $4.4m (+416%), an average of +73% a year. The sharpest change came in the year to December 2023, when income rose by 215%. Over the whole period it spent 131% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Far Away Projects sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Young Mens Christian Association ($4.4m), Heart of the City ($4.4m) and Full Life ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $238k (5.4% of expenses). It paid $25k in professional fundraising fees. At year end it held assets of $1.3m against liabilities of $484k, net assets of $832k.