Farrington Alumni and Community Foundation

Analysis

Farrington Alumni and Community Foundation is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in June 1977, 49 years ago. 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, Farrington Alumni and Community Foundation reported income of $414k and spending of $309k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $225k to $414k (+84%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 89%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Farrington Alumni and Community Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within HI. Charities of a similar size with the same main cause include Koochiching County Food Access ($414k), Habitat for Humanity International Inc ($414k) and New Hampshire Dance Institute ($414k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% of the total. Other salaries and wages came to $22k. At year end it held assets of $1.4m against liabilities of $10k, net assets of $1.4m. It reported 1 employees.