Farestart is a 501(c)(3) organization based in Seattle, Washington, registered in 1992, with $14,654,450 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$14.7M
▼ 23.1% vs prior year
Employment median: $367K
Expenses (FY2024)
$15.1M
Net assets
$17.4M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Farestart— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Farestart: 14 mo reserves · -3% margin earns a B+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Farestart— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Farestart: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $8.8M (FY2013) to $14.7M (FY2024) across 12 reported years.
Financial snapshot
Operating margin
-2.8%
Spent more than it raised in the latest fiscal year.
Total assets
$22.0M
Total liabilities
$4.7M
Net assets
$17.4M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $14,654,450▼23.1% | $15,060,357▼17.4% | $17,383,686▼6.6% | $22,036,232▲8.2% | 990 |
| 2023 | $19,063,456▲12.0% | $18,232,008▼13.7% | $18,603,014▼0.4% | $20,369,224▲0.4% | 990 |
| 2022 | $17,013,984▼15.8% | $21,129,205▲38.0% | $18,685,787▼21.3% | $20,280,851▼19.7% | 990 |
| 2021 | $20,206,425▼19.7% | $15,306,993▼31.4% | $23,730,624▲39.3% | $25,249,584▲8.4% | 990 |
| 2020 | $25,167,456▲22.0% | $22,306,014▲5.7% | $17,031,013▲2.2% | $23,283,228▲12.4% | 990 |
| 2019 | $20,628,224▼2.6% | $21,102,787▼4.3% | $16,662,875▼39.9% | $20,710,837▼31.2% | 990 |
| 2018 | $21,180,717▲8.3% | $22,057,809▲15.3% | $27,734,997▼37.6% | $30,116,931▼36.4% | 990 |
| 2017 | $19,563,851▲54.6% | $19,123,764▲38.2% | $44,447,419▲237% | $47,351,047▲229% | 990 |
| 2016 | $12,650,980▲0.2% | $13,837,713▲11.9% | $13,190,086▼8.2% | $14,397,248▼6.1% | 990 |
| 2015 | $12,624,424▲7.5% | $12,366,745▲17.1% | $14,367,710▲1.8% | $15,338,477▲3.4% | 990 |
| 2014 | $11,741,615▲33.8% | $10,561,165▲21.7% | $14,119,375▲2.4% | $14,836,898▲3.0% | 990 |
| 2013 | $8,774,924 | $8,680,499▲3.3% | $13,789,977▲14.1% | $14,409,753▲12.9% | 990 |
| 2012 | — | $8,402,255 | $12,083,751 | $12,766,814 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
447 grants to Farestart totaling $25.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Community & human services | 2024 | $1,030,100 |
| American Online Giving Foundation Inc | General support | 2024 | $266,654 |
| The Seattle Foundation | To provide general support | 2024 | $80,000 |
| The Seattle Foundation | To provide general support | 2024 | $75,000 |
| American Gift Fund | Operations | 2024 | $51,500 |
| Mightycause Charitable Foundation | Unrestricted | 2024 | $50,739 |
| The Seattle Foundation | To provide general support | 2024 | $50,000 |
| Credit Unions In the State of Washington | Donation | 2024 | $50,000 |
| The Seattle Foundation | To provide general support | 2024 | $50,000 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $36,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $30,000 |
| Ayco Charitable Foundation | Community & human services | 2024 | $30,000 |
| The Seattle Foundation | To provide general support | 2024 | $20,000 |
| Bny Mellon Charitable Gift Fund | To further the organization's exempt purpose | 2024 | $11,000 |
| Greater Horizons | Human services | 2024 | $11,000 |
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Data for Farestart (EIN 91-1546757) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.