Max And Marian Farash Charitable Foundation
Farash Foundation: Strong Assets, Consistent Giving, and Transparent Operations
EIN: 222948675 · Rochester, NY · NTEE: T22 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $31.2M |
| Total Expenses | $29.1M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $341,907,880 |
| Net Assets | $318.7M |
| Transparency Score | 85/100 |
Is Max And Marian Farash Charitable Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Max And Marian Farash Charitable Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Max And Marian Farash Charitable Foundation
Max And Marian Farash Charitable Foundation (EIN: 222948675) is a nonprofit organization based in Rochester, NY, classified under NTEE code T22. The organization reported total revenue of $31.2M and total assets of $341.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Max And Marian Farash Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Max And Marian Farash Charitable Foundation is a large nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -16.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $26.5M |
| Total Expenses | $29.1M |
| Surplus / Deficit | $-2,621,795 |
| Total Assets | $326.7M |
| Total Liabilities | $8.0M |
| Net Assets | $318.7M |
| Operating Margin | -9.9% |
| Debt-to-Asset Ratio | 2.4% |
| Months of Reserves | 134.8 months |
Financial Health Grade: B
In 2023, Max And Marian Farash Charitable Foundation reported a deficit of $2.6M with expenses exceeding revenue, holds 134.8 months of operating reserves (strong position), has a debt-to-asset ratio of 2.4% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Max And Marian Farash Charitable Foundation's revenue has declined at a compound annual growth rate (CAGR) of -16.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.4% | +45.1% | +6.4% |
| 2022 | -54.6% | -2.4% | -15.2% |
| 2021 | +63.1% | +45.5% | +11.3% |
| 2020 | +63.8% | -19.2% | +9.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
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 Max And Marian Farash Charitable Foundation with a Mission Score of 85 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, Max And Marian Farash Charitable 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 deficit of $2.6M, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.4%.
Executive Compensation Analysis
Executive compensation appears reasonable given the foundation's substantial asset base of $341,907,880 and its significant grantmaking activities, with no specific red flags identified in the provided data.
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 Max And Marian Farash Charitable Foundation:
- Robust asset base of $341,907,880 provides long-term stability and capacity for significant philanthropic impact.
- Consistent revenue generation and asset growth over several years demonstrate strong financial health.
- Low fundraising costs, indicated by 'c0%' in the filings, suggest efficient operations and a focus on direct program delivery.
- Significant program spending relative to administrative costs, reflecting a commitment to mission fulfillment.
Frequently Asked Questions about Max And Marian Farash Charitable Foundation
Is Max And Marian Farash Charitable Foundation a legitimate charity?
Max And Marian Farash Charitable Foundation (EIN: 222948675) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $31.2M. No red flags identified. 4 strengths noted. Financial health grade: B.
How does Max And Marian Farash Charitable Foundation spend its money?
Max And Marian Farash Charitable Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Max And Marian Farash Charitable Foundation tax-deductible?
Max And Marian Farash Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 222948675). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Max And Marian Farash Charitable Foundation CEO make?
Max And Marian Farash Charitable Foundation's highest-compensated officer earns $341,907,880 annually. The organization reported $31.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Max And Marian Farash Charitable Foundation's spending goes to programs?
Max And Marian Farash Charitable Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Max And Marian Farash Charitable Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Max And Marian Farash Charitable Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Max And Marian Farash Charitable Foundation located?
Max And Marian Farash Charitable Foundation is headquartered in Rochester, New York and files with the IRS under EIN 222948675. It is classified under NTEE code T22.
How many years of IRS 990 filings does Max And Marian Farash Charitable Foundation have?
Max And Marian Farash Charitable 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 $31.2M in total revenue.
What does Max And Marian Farash Charitable Foundation do?
Max And Marian Farash Charitable Foundation is a nonprofit organization in the Philanthropy, Voluntarism & Grantmaking sector, located in Rochester, New York. It is classified under NTEE code T22.
How much revenue does Max And Marian Farash Charitable Foundation have?
Max And Marian Farash Charitable Foundation reported total revenue of $31,176,008. Based on 10 IRS 990 filings on record.
What are Max And Marian Farash Charitable Foundation's total assets?
Max And Marian Farash Charitable Foundation holds total assets of $341,907,880 as reported in IRS 990 filings.
Where is Max And Marian Farash Charitable Foundation located?
Max And Marian Farash Charitable Foundation is based in Rochester, New York.
What is Max And Marian Farash Charitable Foundation's EIN?
Max And Marian Farash Charitable Foundation's Employer Identification Number (EIN) is 222948675. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Max And Marian Farash Charitable Foundation?
Max And Marian Farash Charitable Foundation is classified under NTEE code T22 (Philanthropy, Voluntarism & Grantmaking).
Is Max And Marian Farash Charitable Foundation a registered 501(c)(3)?
Yes, Max And Marian Farash Charitable Foundation is recognized as a tax-exempt organization by the IRS. EIN: 222948675.
Does Max And Marian Farash Charitable Foundation file IRS Form 990?
Yes, Max And Marian Farash Charitable Foundation has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Max And Marian Farash Charitable Foundation's revenue in 2023?
In the 202312 filing period, Max And Marian Farash Charitable Foundation reported total revenue of $26,460,451, total expenses of $29,082,246, and net assets of $326,670,285.
Is Max And Marian Farash Charitable Foundation's revenue growing or declining?
Max And Marian Farash Charitable Foundation's revenue is growing. Revenue went from $21,978,001 (202212) to $26,460,451 (202312), a +20.4% change. Based on 10 filings on record.
What is Max And Marian Farash Charitable Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Max And Marian Farash Charitable Foundation covers tax period 202312. It shows revenue of $26,460,451, expenses of $29,082,246, total assets of $326,670,285, and liabilities of $7,960,617.
How much does Max And Marian Farash Charitable Foundation spend on programs vs administration?
Based on IRS 990 analysis, Max And Marian Farash Charitable Foundation allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Max And Marian Farash Charitable Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Max And Marian Farash Charitable Foundation appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Max And Marian Farash Charitable Foundation's strengths?
Positive indicators for Max And Marian Farash Charitable Foundation include: Robust asset base of $341,907,880 provides long-term stability and capacity for significant philanthropic impact.. Consistent revenue generation and asset growth over several years demonstrate strong financial health.. Low fundraising costs, indicated by 'c0%' in the filings, suggest efficient operations and a focus on direct program delivery.. Significant program spending relative to administrative costs, reflecting a commitment to mission fulfillment.. These findings are derived from AI analysis of the organization's financial filings.
How does Max And Marian Farash Charitable Foundation compensate executives?
Executive compensation appears reasonable given the foundation's substantial asset base of $341,907,880 and its significant grantmaking activities, with no specific red flags identified in the provided data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has the foundation managed to maintain a 'c0%' fundraising cost, and what implications does this have for its operational model?
The 'c0%' fundraising cost suggests that the foundation primarily operates as a private foundation, likely funded by an endowment rather than relying on public donations. This model allows it to allocate nearly all its resources directly to programs and administration, minimizing overhead associated with soliciting funds.
Despite fluctuations in annual revenue, the foundation's assets have shown consistent growth. What strategies might be contributing to this long-term asset appreciation?
The consistent asset growth, even with varying annual revenues (e.g., $48,394,815 in 2021 vs. $21,978,001 in 2022), indicates effective investment management and potentially a strategy of reinvesting a portion of returns. This approach ensures the endowment's sustainability and increases its capacity for future grantmaking.
Filing History
IRS 990 filing history for Max And Marian Farash Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Max And Marian Farash Charitable Foundation's revenue has declined by 88.2%, moving from $224.5M to $26.5M. Total assets increased by 29.2% over the same period, from $252.9M to $326.7M. Total functional expenses fell by 31.3%, from $42.3M to $29.1M. In its most recent filing year (2023), Max And Marian Farash Charitable Foundation reported a deficit of $2.6M, with expenses exceeding revenue. The organization holds $8.0M in liabilities against $326.7M in assets (debt-to-asset ratio: 2.4%), resulting in net assets of $318.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $26.5M | $29.1M | $326.7M | $8.0M | — | View 990 |
| 2022 | $22.0M | $20.0M | $307.1M | $960K | — | — |
| 2021 | $48.4M | $20.5M | $362.3M | $2.7M | — | View 990 |
| 2020 | $29.7M | $14.1M | $325.4M | $2.2M | — | View 990 |
| 2019 | $18.1M | $17.5M | $296.6M | $8.1M | — | View 990 |
| 2015 | $-1,369,552 | $15.2M | $245.3M | $11.0M | — | View 990 |
| 2014 | $20.0M | $23.5M | $257.4M | $13.8M | — | View 990 |
| 2013 | $64.4M | $26.8M | $266.5M | $9.1M | — | View 990 |
| 2012 | $63.1M | $45.4M | $257.9M | $46.6M | — | View 990 |
| 2011 | $224.5M | $42.3M | $252.9M | $61.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $26.5M, expenses of $29.1M, and assets of $326.7M (revenue +20.4% year-over-year).
- 2022: Revenue of $22.0M, expenses of $20.0M, and assets of $307.1M (revenue -54.6% year-over-year).
- 2021: Revenue of $48.4M, expenses of $20.5M, and assets of $362.3M (revenue +63.1% year-over-year).
- 2020: Revenue of $29.7M, expenses of $14.1M, and assets of $325.4M (revenue +63.8% year-over-year).
- 2019: Revenue of $18.1M, expenses of $17.5M, and assets of $296.6M.
- 2015: Revenue of $-1,369,552, expenses of $15.2M, and assets of $245.3M (revenue -106.8% year-over-year).
- 2014: Revenue of $20.0M, expenses of $23.5M, and assets of $257.4M (revenue -68.9% year-over-year).
- 2013: Revenue of $64.4M, expenses of $26.8M, and assets of $266.5M (revenue +2.1% year-over-year).
- 2012: Revenue of $63.1M, expenses of $45.4M, and assets of $257.9M (revenue -71.9% year-over-year).
- 2011: Revenue of $224.5M, expenses of $42.3M, and assets of $252.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Max And Marian Farash Charitable Foundation:
Data Sources and Methodology
This transparency report for Max And Marian Farash Charitable 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.