Farrr Foundation
Farrr Foundation experiences rapid revenue and asset growth with no reported officer compensation.
EIN: 201592668 · Lynchburg, VA · NTEE: T12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.6M |
| Total Expenses | $3.9M |
| Program Spending | 85% |
| Net Assets | $4.1M |
| Transparency Score | 90/100 |
Is Farrr Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Farrr Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Farrr Foundation
Farrr Foundation (EIN: 201592668) is a nonprofit organization based in Lynchburg, VA, classified under NTEE code T12. The organization reported total revenue of $3.6M and total assets of $5.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Farrr Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Farrr Foundation is a mid-size nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 41.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.9M |
| Total Expenses | $3.9M |
| Surplus / Deficit | +$66K |
| Total Assets | $5.3M |
| Total Liabilities | $1.2M |
| Net Assets | $4.1M |
| Operating Margin | 1.7% |
| Debt-to-Asset Ratio | 21.9% |
| Months of Reserves | 16.4 months |
Financial Health Grade: A
In 2023, Farrr Foundation reported a surplus of $66K with revenue exceeding expenses, holds 16.4 months of operating reserves (strong position), has a debt-to-asset ratio of 21.9% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Farrr Foundation's revenue has grown at a compound annual growth rate (CAGR) of 41.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +169.8% | +183.6% | +193.5% |
| 2022 | +412.1% | +795.4% | +125.3% |
| 2021 | +23.3% | -2.3% | +11.7% |
| 2020 | +121.9% | -90.9% | +188.0% |
| 2019 | -40.1% | +1631.9% | -42.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Farrr Foundation with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Farrr Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $66K, with revenue exceeding expenses.
- Debt-to-asset ratio: 21.9%.
Executive Compensation Analysis
Farrr Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly favorable for directing resources to its mission.
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.
Strengths
The following positive indicators were identified for Farrr Foundation:
- Rapid revenue growth, increasing from $284,449 in 2021 to $3,929,554 in 2023.
- Consistent 0% officer compensation across all reported filings, indicating high efficiency in executive spending.
- Significant asset growth from $798,016 in 2021 to $5,277,244 in 2023, enhancing long-term stability.
- Consistent positive net income in recent years, such as a $66,403 surplus in 2023 ($3,929,554 revenue vs. $3,863,151 expenses).
Frequently Asked Questions about Farrr Foundation
Is Farrr Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Farrr Foundation (EIN: 201592668) appears legitimate. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
How does Farrr Foundation spend its money?
Farrr Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Farrr Foundation tax-deductible?
Farrr Foundation is registered as a tax-exempt nonprofit (EIN: 201592668). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Farrr Foundation's spending goes to programs?
Farrr Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Farrr Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Farrr Foundation is above average for NTEE category T12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Farrr Foundation located?
Farrr Foundation is headquartered in Lynchburg, Virginia and files with the IRS under EIN 201592668. It is classified under NTEE code T12.
How many years of IRS 990 filings does Farrr Foundation have?
Farrr Foundation has 14 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 $3.6M in total revenue.
Is Farrr Foundation a good charity?
Based on the available IRS 990 data, Farrr Foundation appears to be a financially healthy organization with rapid growth and a strong commitment to its mission, evidenced by 0% officer compensation and consistent revenue surpluses in recent years. However, a detailed breakdown of program vs. administrative spending would provide a more complete picture of its efficiency.
How has Farrr Foundation's revenue changed over time?
Farrr Foundation has experienced dramatic revenue growth, particularly from 2021 to 2023, increasing from $284,449 in 2021 to $1,456,560 in 2022, and further to $3,929,554 in 2023.
What is the trend in Farrr Foundation's assets?
The organization's assets have grown significantly, from $798,016 in 2021 to $1,797,744 in 2022, and reaching $5,277,244 in 2023, indicating strong financial accumulation and capacity.
Filing History
IRS 990 filing history for Farrr Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Farrr Foundation's revenue has grown by 8730.5%, moving from $45K to $3.9M. Total assets increased by 2615.3% over the same period, from $194K to $5.3M. Total functional expenses rose by 7740.3%, from $49K to $3.9M. In its most recent filing year (2023), Farrr Foundation reported a surplus of $66K, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $5.3M in assets (debt-to-asset ratio: 21.9%), resulting in net assets of $4.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.9M | $3.9M | $5.3M | $1.2M | — | View 990 |
| 2022 | $1.5M | $1.4M | $1.8M | $913K | — | View 990 |
| 2021 | $284K | $152K | $798K | $409K | — | View 990 |
| 2020 | $231K | $156K | $714K | $393K | — | View 990 |
| 2019 | $104K | $1.7M | $248K | $0 | — | View 990 |
| 2018 | $174K | $99K | $431K | $209K | — | View 990 |
| 2017 | $85K | $69K | $390K | $243K | — | — |
| 2016 | $90K | $81K | $0 | $0 | — | View 990 |
| 2015 | $95K | $98K | $400K | $277K | — | View 990 |
| 2014 | $135K | $84K | $389K | $286K | — | View 990 |
| 2013 | $127K | $112K | $200K | $105K | — | View 990 |
| 2012 | $127K | $124K | $198K | $118K | — | View 990 |
| 2011 | $0 | $0 | $0 | $0 | — | View 990 |
| 2010 | $45K | $49K | $194K | $142K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.9M, expenses of $3.9M, and assets of $5.3M (revenue +169.8% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.4M, and assets of $1.8M (revenue +412.1% year-over-year).
- 2021: Revenue of $284K, expenses of $152K, and assets of $798K (revenue +23.3% year-over-year).
- 2020: Revenue of $231K, expenses of $156K, and assets of $714K (revenue +121.9% year-over-year).
- 2019: Revenue of $104K, expenses of $1.7M, and assets of $248K (revenue -40.1% year-over-year).
- 2018: Revenue of $174K, expenses of $99K, and assets of $431K (revenue +104.9% year-over-year).
- 2017: Revenue of $85K, expenses of $69K, and assets of $390K (revenue -5.6% year-over-year).
- 2016: Revenue of $90K, expenses of $81K, and assets of $0 (revenue -5.9% year-over-year).
- 2015: Revenue of $95K, expenses of $98K, and assets of $400K (revenue -29.5% year-over-year).
- 2014: Revenue of $135K, expenses of $84K, and assets of $389K (revenue +6.4% year-over-year).
- 2013: Revenue of $127K, expenses of $112K, and assets of $200K (revenue +0.0% year-over-year).
- 2012: Revenue of $127K, expenses of $124K, and assets of $198K.
- 2011: Revenue of $0, expenses of $0, and assets of $0 (revenue -100.0% year-over-year).
- 2010: Revenue of $45K, expenses of $49K, and assets of $194K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Farrr Foundation:
Data Sources and Methodology
This transparency report for Farrr 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.