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Financial Accounting Foundation
Financial Accounting Foundation reported $74.9 million in revenue and $75.0 million in expenses for calendar year 2025. Of every $100 it spent, $78.06 went to program services, $21.94 to management and general costs and $0.00 to fundraising. Its largest source of revenue was investment income: 5.6% of the total. The highest compensation it reported for one person was $1,479,276 (Chair, FASB). 120 people received more than $100,000 in reportable compensation. Revenue rose 28% between 2019 and 2025. Source: Form 990, 2025.
Where $100 of spending went
Calendar year 2025 · Form 990, Part IX, line 25 · total expenses $75MFor context, the median across 185 covered public & societal benefit charities: $88.81 programs, $11.18 management, $0.01 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2025 · Form 990, Part VIII · total revenue $75MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 78.1% | 84.9% |
| Management & general Part IX 25(C) ÷ 25(A) | 21.9% | 10.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 83.8% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 3.2% |
| Highest reported compensation Part VII-A, columns D–F | $1,479,276 | $357,133 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.97% | 1.52% |
| People paid over $100,000 Part VII, line 2 | 120 | 12 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 19.9 | 10.5 |
| Independent voting board members Part VI 1a–1b | 17 of 17 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2025 · Form 990, Part III · the three largest programs by expenseFinancial Accounting standards board (fasb) and Financial Accounting standards advisory council (fasac): established in 1973, the fasb is the independent, private-sector organization, based in norwalk, connecticut, that establishes Financial Accounting and reporting standards for public and private companies and not-for-profit organizations that follow generally accepted accounting principles (gaap). The fasb is recognized by the securities and exchange commission as the designated accounting standard setter for public companies. Fasb standards are recognized as authoritative by many other…
Governmental accounting standards board (gasb) governmental accounting standards advisory council (gasac) established in 1984, the gasb is the independent, private-sector organization, based in norwalk, connecticut, that establishes Financial Accounting and reporting standards for U.S. State and local governments that follow gaap. These standards are recognized as authoritative by state and local governments; state boards of accountancy; and the american institute of cpas (aicpa). The gasb develops and issues Financial Accounting standards through a transparent and inclusive process intended…
Publishing and licensing represents the distinct activities of content operations, producing and distributing the fasb and gasb standard-setting materials. This includes producing and distributing individual exposure drafts and final pronouncements, updates to the fasb codification, and gasb governmental accounting research system (gars), as well as managing the platforms, information architecture, processes, and tools supporting content operations. The faf licenses the content of the fasb accounting standards codification (fasb codification) and gasb materials to commercial publishers and…
Highest reported compensation
2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| Chair, FASB Key employee, 40.0 hrs/week | $1,395,371 | $0 | $83,905 | $1,479,276 |
| Vice Chair FASB Key employee, 40.0 hrs/week | $1,190,290 | $0 | $67,409 | $1,257,699 |
| FASB Member Highest compensated employee, 40.0 hrs/week | $1,093,410 | $0 | $80,676 | $1,174,086 |
| FASB Member Highest compensated employee, 40.0 hrs/week | $1,084,241 | $0 | $86,004 | $1,170,245 |
| FASB Member Highest compensated employee, 40.0 hrs/week | $1,084,808 | $0 | $72,686 | $1,157,494 |
| FASB Member Highest compensated employee, 40.0 hrs/week | $1,085,797 | $0 | $59,523 | $1,145,320 |
| FASB Member Highest compensated employee, 40.0 hrs/week | $1,069,720 | $0 | $71,186 | $1,140,906 |
| Chair, GASB Key employee, 40.0 hrs/week | $847,042 | $0 | $78,523 | $925,565 |
120 people received more than $100,000 in reportable compensation from Financial Accounting Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $7.7M (Part IX, line 5).
7 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b17 · 17 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5181
- Volunteers Part I, line 6175
Correct a figure or respond
Every number above is copied from Financial Accounting Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Financial Accounting Foundation, you can publish a response that is linked from this page.
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Of every $100 Financial Accounting Foundation spent in 2025, $78.06 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of Financial Accounting Foundation's spending goes to programs?
In calendar year 2025, Financial Accounting Foundation reported that 78.1% of its $75.0 million in expenses went to program services, 21.9% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Financial Accounting Foundation pay its top executive?
The largest total compensation Financial Accounting Foundation reported for one person in calendar year 2025 was $1,479,276, for the role of Chair, FASB (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Financial Accounting Foundation get its money?
Of $74.9 million in revenue in calendar year 2025, 0.0% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Financial Accounting Foundation a registered charity?
The IRS lists EIN 23-7211935 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024, 2025. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2025: Form 990 for calendar year 2025, object 202611339349306506 · read the filing · XML
- 2024: Form 990 for calendar year 2024, object 202541339349300604 · read the filing
- 2023: Form 990 for calendar year 2023, object 202441359349310769 · read the filing
- 2022: Form 990 for calendar year 2022, object 202321359349301737 · read the filing
- 2021: Form 990 for calendar year 2021, object 202201319349303370 · read the filing
- 2020: Form 990 for calendar year 2020, object 202121329349301407 · read the filing
- 2019: Form 990 for calendar year 2019, object 202001369349301105 · read the filing
All filings for EIN 23-7211935: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.