Charity Search / FARGO-MOORHEAD AREA FOUNDATION CORPORATION
Philanthropy & Grantmaking (T310) IRS Verified DX Registered 990 on File

FARGO-MOORHEAD AREA FOUNDATION CORPORATION

EIN: 45-6010377 · FARGO, ND 58103-1821 · United States · FY 2024 Data
3 out of 5 58 / 100 Based on 2+ years of filings
Financial strength (30%) 89/100
Reliability (20%) 55/100
Effectiveness (25%) 81/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Financial Overview — FY 2024
$24.2M
Total Revenue
$9.8M
Total Expenses
$124.6M
Net Assets
7
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 91.5%
Fundraising Efficiency N/A
Operating Reserve 153.14x
Liability-to-Asset 1.6%
Revenue Diversification 55.9%
Executive Compensation $376K
Compared with Peers
FY 2024
Compared with 5,337 similar organizations (United States, Philanthropy & Grantmaking, $1M–$10M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
91.5% 90.9%
P10P90
Above median
Admin expense ratio
Management and general / total expenses · lower is better
7.0% 8.3%
P10P90
Above median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
1.5% 2.1%
P10P90
Above median
Operating reserve
Months of expenses covered by net assets · higher is better
153.1 mo 80.9 mo
P10P90
Above median
Liabilities to assets
Total liabilities / total assets · lower is better
1.6% 0.0%
P10P90
Below median
Revenue concentration
Share of revenue from the largest source · lower is better
55.9% 89.7%
P10P90
Top quarter
Revenue growth
Year over year revenue growth
201.8% 21.6%
P10P90
Expense growth
Year over year expense growth
6.4% 9.6%
P10P90
Surplus margin
Surplus as a share of revenue
59.7% 2.5%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $24.2M $9.8M $124.6M 91.5% 7
2023 $8.0M $9.2M $107.8M 90.8% 8
2022 $5.2M $11.3M $96.6M 92.8% 8
2021 $30.0M $13.1M N/A 8
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Organization Details
EIN
45-6010377
State
ND
City
FARGO
ZIP
58103-1821
Classification
T310
Category
Philanthropy & Grantmaking
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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