Is Kathryn G Favre Charitablefoundation For The Betterment Of An Legit?

The Kathryn G Favre Charitablefoundation For The Betterment Of An appears to be a grant-making foundation, as indicated by its NTEE code T22. Over the past several years, the organization has consistently spent more than it has brought in through revenue. For example, in 2023, it reported revenue of $210,262 against expenses of $333,137, resulting in a deficit. This trend is consistent across most of its filing history, with expenses frequently exceeding revenue, leading to a gradual decline in its asset base from $3,679,504 in 2011 to $2,662,513 in 2023. The organization demonstrates strong financial transparency by consistently filing its IRS Form 990s. A notable positive is the consistent reporting of 0% officer compensation across all available filings, suggesting that the foundation's leadership is not drawing salaries from its funds. While the consistent spending down of assets might raise questions about long-term sustainability if not part of a deliberate spend-down strategy, the lack of executive compensation and minimal liabilities are positive indicators.