Is Levine Family Foundation Inc Legit?

The Levine Family Foundation Inc. demonstrates strong financial health and efficiency, primarily operating as a grant-making organization. Over the past five years, the foundation has consistently reported significantly higher revenues than expenses, leading to substantial growth in its asset base, from $110,345 in 2019 to $990,390 in 2023. This indicates a robust capacity to fulfill its mission through grant distributions. The latest filing shows revenue of $407,046 against expenses of only $21,200, suggesting a very high proportion of funds are either retained for future grant-making or directly distributed as program services, which is typical for a private foundation. The organization's spending efficiency is exceptional, with expenses consistently representing a small fraction of its revenue. For instance, in 2023, expenses were less than 6% of revenue. This low overhead is a strong indicator of efficient operations. The absence of reported officer compensation further contributes to its efficiency and suggests that administrative costs are minimal, allowing more resources to be directed towards its charitable purpose. The consistent reporting of minimal liabilities ($1) across all filings also points to sound financial management and stability. Transparency is generally good, with consistent annual filings available. The NTEE code T20 indicates it is a private grantmaking foundation, which aligns with its financial patterns of accumulating assets and making grants. The lack of officer compensation reported across all filings is a positive transparency signal, indicating that the foundation's resources are not being used for executive salaries. Overall, the foundation appears to be a well-managed and financially sound entity focused on its grant-making mission.