Is Duke Farms Foundation Legit?

Duke Farms Foundation demonstrates consistent financial operations, with revenues generally covering a significant portion of expenses, though often operating at a deficit. For example, in 2023, revenues were $16,683,987 against expenses of $18,872,100, indicating a deficit of over $2 million. This trend of expenses exceeding revenue is consistent across most reported periods. The organization's assets have shown a long-term decline, from over $102 million in 2011 to $60.5 million in 2023, which warrants closer examination of its long-term financial sustainability and funding model. The consistent reporting of 0% officer compensation across all filings suggests either a volunteer-led executive team or that executive compensation is not reported in this specific field, which could impact transparency regarding leadership costs. Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent operational deficits suggest that the organization relies on its asset base or other funding sources to cover its annual expenditures. The significant asset base, even with its decline, provides a buffer, but the trend is concerning. Transparency regarding executive compensation is high, with 0% reported, but a more granular breakdown of functional expenses would enhance understanding of how funds are allocated. Overall, Duke Farms Foundation appears to be a stable organization with substantial assets, but its consistent operational deficits and declining asset base over the past decade are key areas for potential concern. While the lack of reported officer compensation is notable, a more detailed functional expense breakdown would provide a clearer picture of spending efficiency and program impact.