Is Ferguson Family Foundation Legit?

The Ferguson Family Foundation demonstrates a fluctuating financial health over the past decade. While the organization reported a positive net income in 2023 ($200,000 revenue vs. $179,231 expenses) and 2022 ($150,056 revenue vs. $119,047 expenses), it experienced significant deficits in 2021 ($100,000 revenue vs. $150,401 expenses) and 2020 ($1 revenue vs. $156,479 expenses). This inconsistency in revenue generation and expense management suggests potential challenges in long-term financial stability. The foundation's assets have also varied considerably, from a low of $6,909 in 2012 to a high of $267,399 in 2019, currently standing at $112,297 in 2023. The consistent reporting of $1 in liabilities across all filings indicates a very low debt burden, which is a positive sign. Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's difficult to fully assess. However, the consistent reporting of 0% officer compensation across all filings suggests a lean operational structure at the executive level. The foundation's NTEE code T22 (Private Grantmaking Foundations) implies its primary function is to distribute grants, which typically means a significant portion of expenses should be program-related. The overall expense ratios relative to revenue have been inconsistent, sometimes exceeding revenue, which raises questions about sustainable operational funding. In terms of transparency, the availability of 10 years of IRS 990 filings is a strong indicator of transparency. The consistent reporting of key financial metrics allows for a historical analysis of the organization's performance. The absence of officer compensation is also a transparent disclosure. However, a more detailed functional expense breakdown within the 990s would further enhance transparency regarding how funds are allocated between programs, administration, and fundraising.