Is James And Karen Hyde Foundation Inc Legit?

The James And Karen Hyde Foundation Inc appears to be a private foundation, as indicated by its consistent revenue fluctuations and relatively stable asset base. Over the past decade, its assets have grown from $855,322 in 2011 to $1,660,417 in 2023, demonstrating sound financial stewardship. The organization consistently reports minimal liabilities, often just $1, which is a strong indicator of financial stability and low risk. Its latest revenue of $308,236 and assets of $1,475,816 suggest a well-established, albeit modest, endowment-based operation. Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses from the provided data. However, the consistent reporting of 0% officer compensation across all filings is a significant positive for efficiency and donor confidence, as it suggests a volunteer-led or very lean operational structure. The foundation's expenses have generally remained within a reasonable range relative to its asset base, typically between $38,309 and $92,935 annually, indicating controlled spending. In terms of transparency, the organization has a consistent filing history with 10 filings available, which is commendable. The absence of officer compensation is a strong indicator of good governance and a focus on mission. While specific program spending ratios are not provided, the overall financial health, characterized by growing assets and minimal liabilities, suggests a well-managed entity. The foundation's NTEE code T22 (Private Grantmaking Foundations) aligns with its operational characteristics.