Far Ai
Far Ai reported $24.3 million in revenue and $8.6 million in expenses for calendar year 2024. Of every $100 it spent, $87.38 went to program services, $12.62 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 95.7% of the total. The highest compensation it reported for one person was $237,604 (PRESIDENT/CEO). 6 people received more than $100,000 in reportable compensation. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $8.6MFor context, the median across 192 covered science & technology charities: $84.33 programs, $15.67 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $24MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 87.4% | 83.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 12.6% | 15.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 95.7% | 51.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 3.2% |
| Program service revenue share Part VIII 2g ÷ 12 | 1.8% | 19.2% |
| Highest reported compensation Part VII-A, columns D–F | $237,604 | $513,729 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.76% | 1.72% |
| People paid over $100,000 Part VII, line 2 | 6 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 31.3 | 14.7 |
| Independent voting board members Part VI 1a–1b | 2 of 3 | 94.3% |
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
2024 · Form 990, Part III · the three largest programs by expenseResearch programs far.ai conducts technical research to address fundamental artificial intelligence ai safety challenges. In 2024 we published 12 research papers with acceptances at leading venues such as the international conference on learning representations iclr, the international conference on machine learning icml, and the neural information processing systems conference neurips. We partnered with government-led ai security initiatives and conducted red-teaming engagements on frontier ai systems. We also supported external researchers through collaborations, mentorships, and/or…
Research hub and coworking space far.ai operated a collaborative research hub in berkeley, providing a dedicated coworking space and in person programs for researchers and organizations working on core ai security, safety and governance challenges. Hosting 40 to 50 members, the hub facilitated knowledge exchange through weekly seminars where researchers and founders presented their work to the community and ran a team-in-residence program designed to support new organizations in this field
Events and workshops far.ai hosted and facilitated technical workshops, multi-day convenings, and coordination events in 2024. These included large-scale alignment workshops in the bay area and europe, as well as smaller specialized sessions with researchers, practitioners, industry partners, and policymakers. These events supported collaboration on key technical and governance challenges in current and emerging ai systems
Highest reported compensation
2024 · 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 |
|---|---|---|---|---|
| PRESIDENT/CEO Director/trustee, officer, 040.00 hrs/week | $229,331 | $0 | $8,273 | $237,604 |
| CHIEF OPERATING OFFICER Key employee, 040.00 hrs/week | $182,641 | $0 | $8,563 | $191,204 |
| FISCALLY SPONSORED PROJECT DIRECTOR Highest compensated employee, 040.00 hrs/week | $155,885 | $0 | $8,080 | $163,965 |
| DIRECTOR, FAR.LABS Highest compensated employee, 040.00 hrs/week | $151,332 | $0 | $9,369 | $160,701 |
| RESEARCH SCIENTIST Highest compensated employee, 040.00 hrs/week | $135,623 | $0 | $8,432 | $144,055 |
| RESEARCH ENGINEER Highest compensated employee, 040.00 hrs/week | $135,342 | $0 | $5,956 | $141,298 |
6 people received more than $100,000 in reportable compensation from Far Ai (Part VII, line 2). Compensation of current officers, directors and key employees totaled $429K (Part IX, line 5).
3 filings since FY2022 (3 mo.)
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · 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–1b3 · 2 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14No
- 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 4No
- 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 522
- Volunteers Part I, line 617
Private foundation grants it received
3 private foundations reported grants to Far Ai totaling $1.9M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Far Ai's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Far Ai, you can publish a response that is linked from this page.
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Of every $100 Far Ai spent in 2024, $87.38 went to programs. The full breakdown, from its IRS Form 990:
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All science & technology charities · Largest charities in California
Questions people ask
How much of Far Ai's spending goes to programs?
In calendar year 2024, Far Ai reported that 87.4% of its $8.6 million in expenses went to program services, 12.6% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Far Ai pay its top executive?
The largest total compensation Far Ai reported for one person in calendar year 2024 was $237,604, for the role of PRESIDENT/CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Far Ai get its money?
Of $24.3 million in revenue in calendar year 2024, 95.7% came from contributions and grants and 1.8% from program service revenue (Form 990, Part VIII).
Is Far Ai a registered charity?
The IRS lists EIN 92-0692207 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 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202543189349316054 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202403209349306365 · read the filing
- FY2022 (3 mo.): Form 990 for the 3-month short period ending December 31, 2022, object 202302869349301745 · read the filing
All filings for EIN 92-0692207: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.