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Fathom Ai
Fathom Ai reported $12.1 million in revenue and $5.8 million in expenses for calendar year 2024. Of every $100 it spent, $82.05 went to program services, $15.29 to management and general costs and $2.66 to fundraising. Its largest source of revenue was contributions and grants: 100.0% of the total. The highest compensation it reported for one person was $162,114 (CO-FOUNDER & CHIEF STATEGY OFFICER). 1 person 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 $5.8MFor context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 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 $12MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 82.0% | 90.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 15.3% | 6.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.7% | 1.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.01 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 100.0% | 79.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | $162,114 | $325,675 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.78% | 1.56% |
| People paid over $100,000 Part VII, line 2 | 1 | 3 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 13.0 | 56.6 |
| Independent voting board members Part VI 1a–1b | 2 of 3 | 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
2024 · Form 990, Part III · the three largest programs by expenseBrand and coalition building - this work is to establish fathom as a thought-leader in the ai governance ecosystem, as well as to build coalitions of support for our governance proposals and recommendations. Fathom completes this work through research, polling, focus groups, convening events, and educating stakeholder groups and organizations across civil society, academia, industry, government, and the ai labs. In some cases, we use grant-making to support mission-aligned third parties to conduct this work
Policy and politics - this work is to craft specific policy proposals at the state, federal, and international level to ensure the development of ai benefits humanity to its fullest potential. This work builds on our research work, and involves intensive communication and media to educate and amplify our messaging across the ecosystem. We also engage in limited lobbying as permitted by state and federal rules and regulations for lobbying activities for 501(c)(3) organizations. Any work to this effect is done via a separate 501(c)(6) entity, meridian governance, inc. No lobbying was conducted…
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 |
|---|---|---|---|---|
| CO-FOUNDER & CHIEF STATEGY OFFICER Officer, 40.00 hrs/week | $156,500 | $0 | $5,614 | $162,114 |
| CO-FOUNDER & CHIEF IMPACT OFFICER Officer, 40.00 hrs/week | $87,000 | $0 | $5,080 | $92,080 |
| CO-FOUNDER & CEO Director/trustee, officer, 40.00 hrs/week | $30,840 | $0 | $28,083 | $58,923 |
1 people received more than $100,000 in reportable compensation from Fathom Ai (Part VII, line 2). Compensation of current officers, directors and key employees totaled $313K (Part IX, line 5).
1 years of filings
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 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 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
- Volunteers Part I, line 62
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| JONES DILWORTH INC Technology/web consulting | $536,810 |
| JCJN GROUP LLC Marketing/promotion | $190,000 |
| ARNOLD & PORTER KAYE SCHOLER LLP Legal services | $172,421 |
| THE PANACEA COLLECTIVE Event furniture rental & planner | $167,802 |
| SURROUND SOUND STRATEGIES LLC Marketing/promotion | $131,750 |
Individuals listed as contractors are left out. 6 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Fathom 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 Fathom Ai, you can publish a response that is linked from this page.
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Of every $100 Fathom Ai spent in 2024, $82.05 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Fathom Ai's spending goes to programs?
In calendar year 2024, Fathom Ai reported that 82.0% of its $5.8 million in expenses went to program services, 15.3% to management and general and 2.7% to fundraising (Form 990, Part IX).
How much does Fathom Ai pay its top executive?
The largest total compensation Fathom Ai reported for one person in calendar year 2024 was $162,114, for the role of CO-FOUNDER & CHIEF STATEGY OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Fathom Ai get its money?
Of $12.1 million in revenue in calendar year 2024, 100.0% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Fathom Ai a registered charity?
The IRS lists EIN 93-4840479 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 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 202533189349302983 · read the filing · XML
All filings for EIN 93-4840479: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.