AI Transparency Report
The Lc And Mary Worley Memorialfoundation appears to be a grant-making organization, as indicated by its NTEE code T20 (Private Grantmaking Foundations). Its financial health shows a consistent decline in assets over the past decade, from $9,210,571 in 2012 to $7,151,346 in 2023, suggesting that it is spending down its endowment. Revenue has fluctuated significantly, with a notable spike in 2012 ($7,730,390) which was an outlier compared to subsequent years where revenue typically ranged from $200,000 to $500,000.
The organization consistently reports zero officer compensation, which is a positive indicator for resource allocation directly to its mission. However, without detailed expense breakdowns (program, administrative, fundraising) from the provided data, a precise assessment of spending efficiency is challenging. The consistent reporting of minimal liabilities ($1 in recent years) suggests sound financial management in terms of debt. Transparency is generally good through its regular 990 filings, but the lack of detailed expense categories in the provided summary limits a deeper analysis of how funds are specifically utilized.