Is Lucretia Philanthropic Foundation Inc Legit?

The Lucretia Philanthropic Foundation Inc demonstrates a strong financial position with consistently growing assets, reaching $57,931,495 in its latest filing. The organization has shown significant revenue fluctuations, with a peak of $28,229,710 in its latest reported period, but also a notable dip to $369,166 in 202212. Despite these variations, expenses have remained relatively stable and significantly lower than revenue in most years, indicating efficient management of incoming funds. For instance, in 202312, revenue was $11,732,396 against expenses of $4,024,802, suggesting a substantial surplus reinvested or held. The foundation's spending efficiency appears robust, as evidenced by the consistent growth in assets over the past decade, from $15,604,257 in 201112 to nearly $58 million currently. The absence of reported officer compensation across all available filings suggests a highly volunteer-driven or exceptionally lean administrative structure, which is a positive indicator for donor confidence. The very low liabilities reported ($1 in most years) further underscores financial stability and responsible fiscal management. While specific program spending percentages are not detailed in the provided data, the overall financial health, characterized by substantial asset growth and low liabilities, points to a well-managed organization. The consistent filing of IRS 990s over a decade also indicates a commitment to transparency. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a complete assessment of spending efficiency is limited.