Is Korobkin Foundation Inc Legit?

The Korobkin Foundation Inc. demonstrates consistent financial stability with assets steadily maintained around $220,000 - $250,000 over the past decade, reaching $250,222 in the latest period. Revenue has fluctuated, with a high of $100,777 in 2021 and a low of $14,636 in 2012, indicating reliance on varying annual contributions. The organization consistently reports zero officer compensation across all filings, which is a strong indicator of volunteer-led operations and efficient use of funds for its stated purpose. Expenses generally track revenue, suggesting a lean operational model. Given the NTEE code T20Z (Private Grantmaking Foundations), the foundation's primary activity is likely grantmaking. Without detailed expense breakdowns beyond total expenses, it's challenging to precisely assess spending efficiency in terms of program vs. administrative costs. However, the absence of officer compensation suggests a high degree of financial prudence. The consistent filing of IRS Form 990s over a decade indicates a commitment to regulatory compliance and transparency. Overall, the Korobkin Foundation appears to be a well-managed, volunteer-driven entity with a stable asset base. Its financial health is sound, and its transparency is good through consistent public filings and the clear indication of no executive compensation. Further analysis would require detailed expense breakdowns to fully ascertain program spending ratios.