Faris Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,344,708 | 337,239 | 2,007,469 | 107.8 | 0% |
| 2021 | 1,439,177 | 505,708 | 933,469 | 94.1 | 0% |
| 2022 | 1,703,325 | 1,251,812 | 451,513 | 42.3 | 12% |
| 2023 | 1,578,814 | 1,265,575 | 313,239 | 44.7 | 16% |
In its most recent public year (2023), this organization brought in $313,239 more than it spent. Its reserves stood at about 44.7 months of spending, down from 107.8 in 2020. Staff pay was 16% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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