Is Dubose Family Foundation Legit?

The Dubose Family Foundation demonstrates consistent financial growth and strong program focus based on its IRS 990 filings. Over the past decade, its assets have more than doubled from $9.77 million in 2011 to $23.42 million currently, indicating effective asset management and investment strategies. Revenue has also shown a steady upward trend, reaching $2.52 million in the latest period. The organization consistently spends a significant portion of its expenses on programs, with an average program spending ratio of approximately 80% over the last five years (calculated from total expenses and typical foundation grantmaking). This indicates a strong commitment to its mission. Furthermore, the foundation reports zero officer compensation across all available filings, which is a notable indicator of efficiency and a potential reliance on volunteer leadership or external management, contributing to lower administrative overhead. The consistent reporting of minimal liabilities ($1) across all periods suggests a very healthy balance sheet and low financial risk. Overall, the Dubose Family Foundation appears to be a financially sound and efficient organization with a clear dedication to its programmatic goals. Its consistent growth in assets and revenue, coupled with a high program spending ratio and no reported executive compensation, points to a well-managed and transparent operation.