Farpoint Foundation

Analysis

Farpoint Foundation is a registered charity in United States, based in Odenton, MD. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Farpoint Foundation reported income of $74k and spending of $69k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $68k to $74k (+7.6%), an average of +7.6% a year. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Farpoint Foundation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within MD. Charities of a similar size with the same main cause include The Community Arts Institute Inc ($74k), Science Policy Institute Inc ($74k) and Iredell Concert Association ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 4.8% and program service revenue 95% of the total. At year end it held assets of $4,294 against liabilities of $0, net assets of $4,294.