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Far Ai Inc - Nonprofit Explorer - ProPublica
webprojects.propublica.org·projects.propublica.org/nonprofits/organizations/920692207
This ProPublica filing provides transparency into FAR AI's financials; useful for researchers tracking funding flows in the AI safety ecosystem or verifying organizational legitimacy and scale.
Metadata
Importance: 30/100organizational reportreference
Summary
ProPublica's Nonprofit Explorer page for FAR AI Inc (Foundation for Alignment Research), a 501(c)(3) AI safety research organization based in San Diego, CA. The page provides financial data showing the organization had $24.3M in revenue and $8.6M in expenses in 2024, with 95.7% of revenue from contributions. Key personnel include Adam Gleave as President/CEO.
Key Points
- •FAR AI Inc is a 501(c)(3) nonprofit focused on engineering and technology research, tax-exempt since November 2020 with EIN 92-0692207.
- •In fiscal year 2024, the organization reported $24.3M in revenue (primarily donations) and $8.6M in expenses, accumulating $22.5M in net assets.
- •Adam Gleave serves as President/CEO; the organization also runs FAR.Labs and hosts fiscally sponsored projects in the AI safety space.
- •The organization's rapid financial growth (from 2022 to 2024) reflects increasing philanthropic investment in AI safety research.
- •Salaries and executive compensation represent a relatively small portion of expenses (~23%), suggesting lean operations or heavy grant pass-through activity.
Cited by 1 page
| Page | Type | Quality |
|---|---|---|
| FAR AI | Organization | 76.0 |
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# Far Ai Inc
- San Diego, CA
- Tax-exempt since Nov. 2020
- EIN: 92-0692207
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## Organization summary
### Type of Nonprofit
**Designated as a 501(c)(3)**Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.
**Category**:
Science and Technology Research Institutes, Services /
Engineering and Technology Research, Services
[(NTEE)](https://nccs.urban.org/search?keywords=NTEE)
**Donations to this organization are tax deductible.**
### Summary charts: organization finances over time
#### Revenue $24.3M (2024)
20222024$0$5M$10M$15M$20M$25M
#### Expenses $8.6M (2024)
20222024$0$2M$4M$6M$8M$10M
#### Total Assets $23M (2024)
20222024$0$5M$10M$15M$20M$25M
#### Total Liabilities $563k (2024)
20222024$0$200k$400k$600k$800k$1M
Source: Form 990 tax filings from 2022 to 2024
## Tax Filings by Year
**[Form 990](https://www.irs.gov/pub/irs-pdf/f990.pdf)** is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS.
Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.
### Fiscal Year Ending Dec. 2024
#### Extracted Financial Data
##### Extracted Financial Data from Form 990
Revenue
$24,293,765
Expenses
$8,602,996
Net Income
$15,690,769
Net Assets
$22,459,867
| Notable Sources of Revenue | | Percent of Total Revenue |
| --- | --- | --- |
| Contributions | $23,254,628 | 95.7% |
| Program Services | $429,091 | 1.8% |
| Investment Income | $610,046 | 2.5% |
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $0 | |
| Notable Expenses | | Percent of Total Expenses |
| --- | --- | --- |
| Executive Compensation | $428,808 | 5.0% |
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $1,577,175 | 18.3% |
| Assets/Debt | | |
| --- | --- | --- |
| Tota
... (truncated, 13 KB total)Resource ID:
3f44e373df8b1ec2 | Stable ID: MGQ2YmMxZW