Is Duane & Kathleen Foulkes Foundationinc Legit?

The Duane & Kathleen Foulkes Foundationinc demonstrates strong financial health, consistently growing its assets over the past decade from $3,051,093 in 2011 to $10,586,946 in 2023. The organization maintains a healthy revenue stream, with its latest reported revenue at $2,147,654 and a significant portion of its income consistently exceeding expenses, contributing to asset growth. For instance, in 2022, revenue was $1,465,291 against expenses of $572,064, indicating efficient management of resources. The foundation's spending efficiency appears robust, as evidenced by its consistent accumulation of assets and relatively low liabilities. The absence of reported officer compensation across all available filings suggests that administrative costs related to executive salaries are minimal or non-existent, which is a positive indicator for donor confidence. While a detailed breakdown of program vs. administrative spending isn't explicitly provided in the summary data, the overall financial trajectory points to a well-managed entity. In terms of transparency, the organization consistently files its IRS 990 forms, providing a clear history of its financial activities. The consistent reporting of zero officer compensation is a strong point for transparency and demonstrates a commitment to directing resources towards its mission rather than executive salaries. The low and often negligible liabilities further underscore a stable and responsible financial operation.