Is Allison Foundation Inc Legit?

The Allison Foundation Inc. demonstrates a fluctuating financial performance over the past decade, with recent filings showing a significant increase in revenue to $846,863 in 202405, while expenses were $372,607. This indicates a healthy surplus for the latest period. However, earlier periods, such as 201505, 201405, 201305, and 201205, show expenses significantly exceeding revenue, suggesting periods of operational deficit. The organization consistently reports zero officer compensation across all available filings, which is a strong indicator of financial efficiency and a commitment to directing funds towards its mission rather than executive salaries. The foundation's assets have generally grown, reaching $7,617,256 in 202405, with minimal liabilities, indicating a stable financial position. While the organization's financial health appears stable in recent years, the historical pattern of spending more than it earned in several periods raises questions about long-term financial planning or specific project funding during those times. The absence of officer compensation is a significant positive for transparency and efficiency. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories in the provided data, a precise assessment of spending efficiency is challenging. The consistent reporting of zero liabilities in most periods is also a positive sign of fiscal responsibility.