Far Family Foundation
Far Family Foundation reports significant negative revenue in latest period amidst declining assets.
EIN: 205615052 · Auburn, WA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $629K |
| Total Expenses | $215K |
| Program Spending | 70% |
| Net Assets | $4.1M |
| Transparency Score | 45/100 |
Is Far Family Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Far Family Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Far Family Foundation
Far Family Foundation (EIN: 205615052) is a nonprofit organization based in Auburn, WA, classified under NTEE code T22. The organization reported total revenue of $629K and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Far Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Far Family Foundation is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -262.3% | +101.6% | -8.2% |
| 2022 | -59.5% | -52.9% | -0.4% |
| 2021 | +1.2% | +12.8% | -0.1% |
| 2020 | -29.5% | -31.8% | +0.5% |
| 2019 | +10.7% | +22.5% | +4.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Far Family Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Far Family Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Far Family Foundation consistently reports 0% officer compensation across all available filings, indicating that its executive leadership is either unpaid or compensated through mechanisms not categorized as officer compensation, which could be a positive for resource allocation given its asset size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Far Family Foundation's IRS 990 filings:
- Negative revenue of $-147,486 in the latest filing (202312) indicates a significant financial setback.
- Consistent reporting of $1 in liabilities across all filings is highly unusual and may suggest incomplete financial disclosure.
- Declining asset base from $4,443,164 in 202012 to $4,062,314 in 202312, signaling potential erosion of financial reserves.
- Expenses ($215,142 in 202312) significantly exceeded revenue ($-147,486) in the most recent period, indicating an unsustainable operating model.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data limits assessment of spending efficiency.
Strengths
The following positive indicators were identified for Far Family Foundation:
- Long and consistent filing history (10 filings) demonstrates a commitment to IRS compliance.
- Substantial asset base of over $4 million provides a significant financial foundation.
- No reported officer compensation across all filings, potentially indicating a volunteer-driven leadership or efficient use of funds for executive roles.
Frequently Asked Questions about Far Family Foundation
Is Far Family Foundation a legitimate charity?
Far Family Foundation (EIN: 205615052) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 45/100. It has 10 years of IRS 990 filings on record. Total revenue: $629K. 5 red flags identified. 3 strengths noted. Financial health grade: B.
How does Far Family Foundation spend its money?
Far Family Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Far Family Foundation tax-deductible?
Far Family Foundation is registered as a tax-exempt nonprofit (EIN: 205615052). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Far Family Foundation's spending goes to programs?
Far Family Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Far Family Foundation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Far Family Foundation is near average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Far Family Foundation located?
Far Family Foundation is headquartered in Auburn, Washington and files with the IRS under EIN 205615052. It is classified under NTEE code T22.
How many years of IRS 990 filings does Far Family Foundation have?
Far Family Foundation has 10 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 $629K in total revenue.
Why did Far Family Foundation report negative revenue of $-147,486 in 202312?
The negative revenue in 202312 is a significant concern and could indicate substantial investment losses, returns of grants, or other unusual financial events that warrant further explanation from the organization.
What is the nature of the consistent $1 liability reported across all filings?
The consistent reporting of $1 in liabilities is highly unusual for an organization with over $4 million in assets and suggests either a unique financial structure, a reporting anomaly, or a lack of detailed liability disclosure.
How does Far Family Foundation plan to address the trend of declining assets?
With assets decreasing from $4,443,164 in 202012 to $4,062,314 in 202312, coupled with recent negative revenue, the organization needs a clear strategy to stabilize and grow its asset base to ensure long-term sustainability.
What are the specific program activities and their associated costs?
Without a detailed breakdown of expenses, it's unclear how the organization allocates its funds between program services, administrative overhead, and fundraising, making it difficult to assess its programmatic impact and efficiency.
Filing History
IRS 990 filing history for Far Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Far Family Foundation's revenue has declined by 151.9%, moving from $284K to $-147,486. Total assets increased by 6.6% over the same period, from $3.8M to $4.1M. Total functional expenses fell by 3.4%, from $223K to $215K. The organization holds $1 in liabilities against $4.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-147,486 | $215K | $4.1M | $1 | — | View 990 |
| 2022 | $91K | $107K | $4.4M | $1 | — | View 990 |
| 2021 | $224K | $227K | $4.4M | $1 | — | View 990 |
| 2020 | $222K | $201K | $4.4M | $1 | — | View 990 |
| 2019 | $314K | $294K | $4.4M | $1 | — | View 990 |
| 2015 | $284K | $240K | $4.2M | $1 | — | View 990 |
| 2014 | $389K | $248K | $4.2M | $1 | — | View 990 |
| 2013 | $295K | $247K | $4.0M | $1 | — | View 990 |
| 2012 | $344K | $168K | $4.0M | $1 | — | View 990 |
| 2011 | $284K | $223K | $3.8M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-147,486, expenses of $215K, and assets of $4.1M (revenue -262.3% year-over-year).
- 2022: Revenue of $91K, expenses of $107K, and assets of $4.4M (revenue -59.5% year-over-year).
- 2021: Revenue of $224K, expenses of $227K, and assets of $4.4M (revenue +1.2% year-over-year).
- 2020: Revenue of $222K, expenses of $201K, and assets of $4.4M (revenue -29.5% year-over-year).
- 2019: Revenue of $314K, expenses of $294K, and assets of $4.4M (revenue +10.7% year-over-year).
- 2015: Revenue of $284K, expenses of $240K, and assets of $4.2M (revenue -27.0% year-over-year).
- 2014: Revenue of $389K, expenses of $248K, and assets of $4.2M (revenue +32.0% year-over-year).
- 2013: Revenue of $295K, expenses of $247K, and assets of $4.0M (revenue -14.3% year-over-year).
- 2012: Revenue of $344K, expenses of $168K, and assets of $4.0M (revenue +20.9% year-over-year).
- 2011: Revenue of $284K, expenses of $223K, and assets of $3.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Far Family Foundation:
Data Sources and Methodology
This transparency report for Far Family Foundation 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.