Is Apga Research Foundation Legit?

The Apga Research Foundation demonstrates consistent financial health with stable revenue streams and controlled expenses over the past decade. In 2023, the organization reported revenue of $1,232,729 against expenses of $1,125,613, indicating a healthy surplus. Its asset base has also shown steady growth, reaching $1,280,046 in 2023, which provides a solid financial cushion. The foundation's spending efficiency appears strong, with a significant portion of its budget dedicated to program services, as evidenced by the typical program spending ratio of around 75%. This suggests effective allocation of resources towards its mission. Transparency is a notable strength, particularly given the consistent reporting of 0% officer compensation across all available filings. This indicates that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is a positive sign for donor confidence. The consistent filing of IRS Form 990s over 13 periods further underscores its commitment to public accountability. The organization's liabilities have remained very low relative to its assets, consistently below 2% of total assets, which is another indicator of sound financial management. Overall, the Apga Research Foundation exhibits robust financial management, efficient spending, and a high degree of transparency regarding executive compensation. Its consistent financial performance and growth in assets, coupled with a strong program spending ratio, position it as a financially sound and accountable nonprofit.