Is Anaheim Ducks Foundation Inc Legit?

The Anaheim Ducks Foundation Inc. demonstrates generally sound financial health with a positive trend in revenue and assets over the past few years. In the 2023 fiscal period, the organization reported revenue of $2,243,413 against expenses of $1,438,865, indicating a healthy surplus. This follows a period in 2022 where expenses slightly exceeded revenue ($1,430,133 vs. $1,319,787), but the overall asset base has grown significantly, reaching $2,605,442 in 2023 from $1,662,652 in 2022. The foundation consistently reports 0% officer compensation, which is a strong indicator of efficient use of funds and a commitment to its mission, as executive salaries are not drawing from charitable contributions. The organization's liabilities are also well-managed relative to its assets, suggesting good financial stewardship. Spending efficiency appears strong, particularly given the consistent reporting of no officer compensation. This implies that a substantial portion of expenses is directed towards program services and operational costs rather than high executive salaries. While specific program spending percentages are not detailed in the provided data, the absence of executive compensation is a positive sign for donor confidence regarding how funds are allocated. The growth in assets also suggests effective fundraising and investment strategies. In terms of transparency, the consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to public disclosure. The clear reporting of revenue, expenses, assets, liabilities, and officer compensation in each filing provides a good overview of the organization's financial activities. The lack of officer compensation is a key transparency point, showing that the organization is not burdened by high executive pay, which is often a concern for donors.