Michael and Christine Farah Family Foundation

Analysis

Michael and Christine Farah Family Foundation is a registered charity in United States, based in Costa Mesa, CA. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Michael and Christine Farah Family Foundation reported income of $1.9m and spending of $232k, leaving 88% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.7m to $1.9m (+11%), an average of +11% a year. Over the whole period it spent 6.6% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Michael and Christine Farah Family Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Waterfall Foundation Inc ($1.9m), Bobby Nichols-Fiddlesticks Foundation Inc ($1.9m) and National Association of Charitable Gift Planners Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $4.0m against liabilities of $0, net assets of $4.0m.