AI Transparency Report
The McNamara Family Foundation Inc. appears to be a private foundation, as indicated by its NTEE code T31 (Private Grantmaking Foundations) and its consistent pattern of expenses exceeding revenue in most recent years, suggesting it primarily disburses grants from an endowment rather than actively fundraising from the public. Its financial health shows a declining trend in assets from a peak of $1,748,014 in 2011 to a low of $32,585 in 2023, while liabilities have remained negligible, typically $1. This significant reduction in assets over the past decade, alongside a consistent deficit in annual operations (expenses exceeding revenue), raises questions about its long-term sustainability and grantmaking capacity. For instance, in 2023, expenses were $149,472 against revenue of $138,488, continuing a multi-year trend of spending down its principal. The organization's transparency is good given its consistent filing of IRS Form 990, and the absence of officer compensation simplifies the analysis of its operational efficiency, as all expenses are presumably related to program activities or administrative overhead.