Is Lemmie And Mable Andrews Charitable Foundation Legit?

Quick charity verification for Lemmie And Mable Andrews Charitable Foundation (EIN: 10557958)

Verdict: Lemmie And Mable Andrews Charitable Foundation shows mixed signals

40/100Mission Score
$1KRevenue
$9KAssets
3Red Flags
2Strengths

Red Flags

Strengths

AI Transparency Report

The Lemmie And Mable Andrews Charitable Foundation appears to be a very small foundation with minimal financial activity. Its revenue has consistently been $1 for several years, with the latest reported revenue at $1,100, which is still extremely low. Expenses have significantly outpaced revenue in all reported periods, leading to a consistent decline in assets from a high of $43,813 in 2011 to $9,435 currently. This trend suggests the foundation is primarily drawing down its existing assets rather than generating new income to cover its operational or programmatic costs. The organization's spending efficiency is difficult to assess without a detailed breakdown of expenses, but the consistent net loss indicates that it is not financially self-sustaining based on its reported revenue. Given the very low revenue figures, even small expenses represent a high percentage of income. Transparency appears adequate for a foundation of this size, with consistent filings, and no officer compensation is reported, which is a positive sign regarding executive spending. Overall, the foundation's financial health is precarious due to its reliance on asset depletion and extremely low revenue generation. While it maintains a small asset base, its long-term viability without a significant increase in funding or a reduction in expenses is questionable. The consistent $1 revenue for multiple years is unusual and warrants further investigation to understand the true nature of its funding model.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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