Is Halbrook Family Foundation Legit?

The Halbrook Family Foundation demonstrates a consistent commitment to its mission, as evidenced by its program spending. In the most recent filing (202406), the organization reported expenses of $870,735 against revenues of $1,760,252, indicating a healthy financial position with a significant surplus. Over the past decade, the foundation has maintained a strong asset base, fluctuating around $7 million, with current assets at $7,263,467. The absence of officer compensation across all reported periods suggests a high degree of financial efficiency and a focus on directing resources towards programmatic activities rather than administrative overhead related to executive salaries. While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the zero officer compensation is a strong indicator of efficient resource allocation. The foundation's revenue has shown some volatility, ranging from a low of $150,221 in 202306 to a high of $1,760,252 in 202406. Despite these fluctuations, the organization has consistently managed its expenses, generally keeping them below revenue, leading to a stable and growing asset base. The liabilities have also remained relatively low or zero in most periods, with a notable increase in 202306 to $1,030,000, which then decreased significantly in 202406 to $1. This suggests effective management of financial obligations. The consistent filing of IRS 990s over ten periods indicates good transparency practices.