Faraja Fund Foundation
Faraja Fund Foundation shows strong financial growth and zero reported officer compensation over five years.
EIN: 205954310 · Glenview, IL · NTEE: T20 · Updated: 2026-03-28
Is Faraja Fund Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Faraja Fund Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Faraja Fund Foundation
Faraja Fund Foundation (EIN: 205954310) is a nonprofit organization based in Glenview, IL, classified under NTEE code T20. The organization reported total revenue of $1.3M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Faraja Fund Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Faraja Fund Foundation is a mid-size nonprofit that has been operating for 19 years, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of 15.5%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $389K |
| Total Expenses | $302K |
| Surplus / Deficit | +$87K |
| Total Assets | $588K |
| Net Assets | $588K |
| Operating Margin | 22.3% |
| Months of Reserves | 23.4 months |
Financial Health Grade: A
In 2015, Faraja Fund Foundation reported a surplus of $87K with revenue exceeding expenses, holds 23.4 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2011–2015), Faraja Fund Foundation's revenue has grown at a compound annual growth rate (CAGR) of 15.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | +65.9% | +50.9% | +12.5% |
| 2014 | +19.0% | -22.1% | +7.2% |
| 2013 | -31.5% | +36.8% | -10.2% |
| 2012 | +31.8% | +31.7% | +23.5% |
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 Faraja Fund Foundation with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Faraja Fund Foundation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $87K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization operates with either entirely volunteer leadership or very minimal, uncompensated executive roles, which is highly unusual for an organization of its size with over $1.3 million in latest revenue.
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 Faraja Fund Foundation's IRS 990 filings:
- Unusually low (0%) reported officer compensation for an organization with over $1.3M in revenue, which might obscure how leadership is supported or compensated.
Strengths
The following positive indicators were identified for Faraja Fund Foundation:
- Consistent and significant revenue growth from $217,966 in 2011 to $1,315,023 in the latest period.
- Strong asset growth, reaching $2,130,969, indicating robust financial health.
- Zero reported liabilities across all five filings, demonstrating exceptional financial stability and risk management.
- 0% officer compensation reported, suggesting a high proportion of funds are directed towards programs or volunteer-led operations.
Frequently Asked Questions about Faraja Fund Foundation
Is Faraja Fund Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Faraja Fund Foundation (EIN: 205954310) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Faraja Fund Foundation spend its money?
Faraja Fund Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Faraja Fund Foundation tax-deductible?
Faraja Fund Foundation is registered as a tax-exempt nonprofit (EIN: 205954310). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Faraja Fund Foundation manage to operate with 0% officer compensation given its growth?
The consistent reporting of 0% officer compensation across all filings, even with revenue growing to over $1.3 million, suggests that the organization may rely heavily on volunteer leadership or that compensation for key personnel is categorized differently, such as under program expenses if they are directly involved in program delivery, or that the officers are compensated by a related entity. Further investigation into their detailed expense breakdown would be beneficial.
What is the specific breakdown of program activities funded by Faraja Fund Foundation?
While the NTEE code T20 indicates 'International Development, Relief, and Foreign Affairs', the provided data does not detail the specific programs or initiatives that the Faraja Fund Foundation supports. Donors would benefit from more granular information on how the funds are utilized within this broad category.
What is the organization's strategy for maintaining zero liabilities?
The Faraja Fund Foundation has consistently reported $0 in liabilities across all five available filings. This indicates a highly conservative financial strategy, likely operating on a cash basis and avoiding debt, which contributes significantly to its financial stability and resilience.
Filing History
IRS 990 filing history for Faraja Fund Foundation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Faraja Fund Foundation's revenue has grown by 78.3%, moving from $218K to $389K. Total assets increased by 33.7% over the same period, from $440K to $588K. Total functional expenses rose by 111.7%, from $143K to $302K. In its most recent filing year (2015), Faraja Fund Foundation reported a surplus of $87K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $389K | $302K | $588K | $0 | — | View 990 |
| 2014 | $234K | $200K | $523K | $0 | — | View 990 |
| 2013 | $197K | $257K | $488K | $0 | — | View 990 |
| 2012 | $287K | $188K | $543K | $0 | — | View 990 |
| 2011 | $218K | $143K | $440K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $389K, expenses of $302K, and assets of $588K (revenue +65.9% year-over-year).
- 2014: Revenue of $234K, expenses of $200K, and assets of $523K (revenue +19.0% year-over-year).
- 2013: Revenue of $197K, expenses of $257K, and assets of $488K (revenue -31.5% year-over-year).
- 2012: Revenue of $287K, expenses of $188K, and assets of $543K (revenue +31.8% year-over-year).
- 2011: Revenue of $218K, expenses of $143K, and assets of $440K.
Data Sources and Methodology
This transparency report for Faraja Fund 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.