Faris Foundation

Analysis

Faris Foundation is a registered charity in United States, based in Sugar Land, TX. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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, Faris Foundation reported income of $1.6m and spending of $1.3m, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.6m (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2020, when income rose by 105%. Over the whole period it spent 42% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Faris Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Armstrong Health & Education Foundation ($1.6m), Blue Ridge Womens Center Inc ($1.6m) and Bell Hill Recovery Center Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $206k. At year end it held assets of $4.8m against liabilities of $72k, net assets of $4.7m. It reported 3 employees.