Is Family Assistance Education & Research Foundation Inc Legit?

Family Assistance Education & Research Foundation Inc demonstrates a generally stable financial position, with assets growing significantly from $44,400 in 2019 to $331,236 in 2023. However, the organization experienced a deficit in 2023, with expenses of $271,249 exceeding revenue of $249,206. This follows a surplus in 2022 ($253,728 revenue vs. $222,174 expenses). The organization's revenue has fluctuated over the years, peaking at $401,818 in 2020 before settling into a range around $200,000-$250,000 in recent years. Liabilities have remained relatively low, indicating good financial management in that area. The organization's spending efficiency appears to be strong, particularly given the consistent reporting of 0% officer compensation across all available filings, which suggests resources are directed towards operations rather than executive salaries. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the absence of officer compensation is a positive indicator for efficiency. Transparency is good, with a consistent filing history over 13 periods, allowing for a clear view of financial trends. Overall, the foundation appears to be a well-managed entity with a solid asset base and a commitment to minimizing executive overhead. The recent deficit in 2023 warrants monitoring, but the overall trend of asset growth and low liabilities suggests a resilient organization. The fluctuation in revenue, while not alarming, indicates a need for consistent fundraising efforts.