AI Transparency Report
The James I Perkins Family Foundation demonstrates strong financial health, consistently growing its assets from $5.5 million in 2011 to over $37.9 million currently. The foundation maintains a very low liability profile, consistently reporting only $1 in liabilities across most recent filings, indicating excellent fiscal management and minimal debt. Spending efficiency appears robust, with expenses generally representing a small fraction of revenue, suggesting a focus on endowment growth and strategic grantmaking rather than high operational overhead. For instance, in 2023, expenses were $1,688,079 against revenues of $2,801,331.
The organization's transparency is bolstered by its consistent filing of IRS Form 990s, providing public access to its financial activities. The absence of reported officer compensation further enhances its transparency and suggests that the foundation operates with a volunteer or very low-cost leadership structure, aligning well with philanthropic best practices. The foundation's NTEE code T20 (Private Grantmaking Foundations) indicates its primary function is to provide grants, which is a direct programmatic activity. The consistent growth in assets and low liabilities suggest a well-managed and sustainable financial model.