FAR AI INC

SAN DIEGO, CA, 92101-3770 (619) 930-9332 Est. 2022 EIN 92-0692207

U40— Science & Technology Form 990 501(c)(3)

Mission

FOUNDED IN 2022, FAR.AI, INC. IS A CALIFORNIA NON-PROFIT DEDICATED TO MAKING ADVANCED AI SAFE AND BENEFICIAL FOR EVERYONE. FAR.AI CONDUCTS AND SUPPORTS TECHNICAL AI RESEARCH, CONTINUED ON SCH O

Financials

Total Revenue

$24,293,765

Total Expenses

$8,602,996

Net Assets

$22,459,867

22 employees 17 volunteers

From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve

2.6 years Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 200.8%

Expenses ↑ 207.2%

Revenue Sources

Contributions 95.7% Earned revenue 1.8% Investment 2.5%

Expense Breakdown

Program 87.4% Management 12.6%

Officers & Key Employees (8)

We treat individual compensation with extra care. Named amounts are on Grow plans.

Grants Received (13)

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Filing History (3 filings)

Year	Revenue	Expenses	Net Assets
2024 Form 990 Jan 1, 2024 to Dec 31, 2024	$24,293,765 ↑	$8,602,996	$22,459,867
2023 Form 990 Jan 1, 2023 to Dec 31, 2023	$8,076,314 ↑	$2,800,898	$6,769,098
2022 Form 990 Oct 4, 2022 to Dec 31, 2022	$1,507,686	$14,052	$1,493,634