KIT FARAGHER FOUNDATION
Mission Statement
Keeping Kit Faragher's Legacy Alive! Kathleen "Kit" Faragher was a woman full of life, love and enthusiasm. She committed herself to everything she did whether it was her career, her studies, or having fun. Kit's smile, positive attitude and love brought joy to her family and friends. Although her life was cut short, Kit attained happiness, love and success Kit Faragher lost her life in the tragic events of September 11, 2001. Kit had worked for Janus Capital Corporation in Denver, Colorado for almost seven years. In her memory, the Janus Foundation began the Kit Faragher Memorial Scholarship for students entering college in the 2002 to 2003 school year. The Faragher family, with great assistance and financial support from the Janus Foundation, has continued the scholarship through the formation of the Kit Faragher Foundation. Organized in April 2003, the Kit Faragher Foundation has provided annual scholarships to students since then. This year we awarded 4 - $6000 scholarships.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
85.2% | 87.4% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
14.8% | 7.0% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
83.7 mo | 19.7 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
19.7% | 0.0% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
54.1% | 85.3% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
27.2% | 1.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
48.5% | 0.2% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
1.4% | 10.7% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $59K | $58K | $404K | 85.2% | 0 |
| 2023 | $46K | $39K | $403K | 2.8% | — |
| 2022 | $40K | $37K | $396K | 80.0% | 0 |
| 2021 | $98K | $59K | N/A | — | 0 |
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