Far And Wise Inc
EIN: 460587871 · Hailey, ID · NTEE: B82
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $854K |
| Net Assets | $2.2M |
Is Far And Wise Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Far And Wise Inc
Far And Wise Inc (EIN: 460587871) is a nonprofit organization based in Hailey, ID, classified under NTEE code B82. The organization reported total revenue of $2.1M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Far And Wise Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Far And Wise Inc is a mid-size nonprofit that has been operating for 14 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 36.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $854K |
| Surplus / Deficit | +$721K |
| Total Assets | $2.2M |
| Total Liabilities | $5K |
| Net Assets | $2.2M |
| Operating Margin | 45.8% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 31.3 months |
Financial Health Grade: A
In 2023, Far And Wise Inc reported a surplus of $721K with revenue exceeding expenses, holds 31.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 11 years of filings (2013–2023), Far And Wise Inc's revenue has grown at a compound annual growth rate (CAGR) of 36.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +37.9% | +64.0% | +67.0% |
| 2022 | +71.7% | +94.1% | +59.0% |
| 2021 | +160.2% | +40.1% | +79.5% |
| 2020 | -8.1% | +35.8% | +24.5% |
| 2019 | +15.9% | +19.3% | +58.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Far And Wise Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Far And Wise Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $721K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Frequently Asked Questions about Far And Wise Inc
Is Far And Wise Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Far And Wise Inc (EIN: 460587871) insufficient data. 0 red flags identified, 0 strengths noted.
How does Far And Wise Inc spend its money?
Detailed spending breakdown data is not yet available for Far And Wise Inc. Check back for updated IRS 990 analysis.
Are donations to Far And Wise Inc tax-deductible?
Far And Wise Inc is registered as a tax-exempt nonprofit (EIN: 460587871). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Far And Wise Inc located?
Far And Wise Inc is headquartered in Hailey, Idaho and files with the IRS under EIN 460587871. It is classified under NTEE code B82.
How many years of IRS 990 filings does Far And Wise Inc have?
Far And Wise Inc has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.1M in total revenue.
Filing History
IRS 990 filing history for Far And Wise Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Far And Wise Inc's revenue has grown by 2212.9%, moving from $68K to $1.6M. Total assets increased by 3266.9% over the same period, from $66K to $2.2M. Total functional expenses rose by 46171.8%, from $2K to $854K. In its most recent filing year (2023), Far And Wise Inc reported a surplus of $721K, with revenue exceeding expenses. The organization holds $5K in liabilities against $2.2M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $854K | $2.2M | $5K | — | View 990 |
| 2022 | $1.1M | $520K | $1.3M | $5K | — | View 990 |
| 2021 | $665K | $268K | $840K | $4K | — | — |
| 2020 | $256K | $191K | $468K | $29K | — | View 990 |
| 2019 | $278K | $141K | $376K | $1K | — | View 990 |
| 2018 | $240K | $118K | $238K | $791 | — | View 990 |
| 2017 | $125K | $90K | $116K | $767 | — | View 990 |
| 2016 | $67K | $58K | $82K | $2K | — | View 990 |
| 2015 | $77K | $67K | $72K | $789 | — | View 990 |
| 2014 | $55K | $60K | $62K | $878 | — | View 990 |
| 2013 | $68K | $2K | $66K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $854K, and assets of $2.2M (revenue +37.9% year-over-year).
- 2022: Revenue of $1.1M, expenses of $520K, and assets of $1.3M (revenue +71.7% year-over-year).
- 2021: Revenue of $665K, expenses of $268K, and assets of $840K (revenue +160.2% year-over-year).
- 2020: Revenue of $256K, expenses of $191K, and assets of $468K (revenue -8.1% year-over-year).
- 2019: Revenue of $278K, expenses of $141K, and assets of $376K (revenue +15.9% year-over-year).
- 2018: Revenue of $240K, expenses of $118K, and assets of $238K (revenue +91.9% year-over-year).
- 2017: Revenue of $125K, expenses of $90K, and assets of $116K (revenue +87.4% year-over-year).
- 2016: Revenue of $67K, expenses of $58K, and assets of $82K (revenue -13.2% year-over-year).
- 2015: Revenue of $77K, expenses of $67K, and assets of $72K (revenue +39.6% year-over-year).
- 2014: Revenue of $55K, expenses of $60K, and assets of $62K (revenue -19.0% year-over-year).
- 2013: Revenue of $68K, expenses of $2K, and assets of $66K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Far And Wise Inc:
Data Sources and Methodology
This transparency report for Far And Wise Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.