AI Transparency Report
The Patsalos Fox Family Foundation appears to be a small, private foundation with a consistent history of operations, as evidenced by 10 filings. Their financial health shows some fluctuation in revenue and expenses over the years. For instance, in 2015, they reported a significant revenue of $635,466, which was an outlier compared to more recent years where revenue has hovered around $50,000-$130,000. Their assets have generally been in the range of $400,000-$600,000 in recent years, though the latest reported assets are significantly lower at $14,764, which warrants further investigation to understand this substantial decrease. The foundation consistently reports zero officer compensation, which is a positive indicator for donor confidence regarding executive pay.
Spending efficiency is difficult to fully assess without a detailed breakdown of program vs. administrative expenses, which is not provided in the summary data. However, looking at the overall expenses relative to revenue, the foundation has frequently spent more than it brought in, such as in 2023 ($112,800 expenses vs. $103,595 revenue) and 2022 ($58,061 expenses vs. $53,923 revenue). This suggests they are drawing from their asset base to cover operational costs or program disbursements. The consistent reporting of minimal liabilities ($1 in most recent years) indicates good financial management in terms of debt.
Transparency is generally good given the availability of 10 years of 990 filings. The consistent reporting of zero officer compensation is a strong point for transparency. However, without a detailed functional expense breakdown (program, administrative, fundraising), it's challenging to fully evaluate their spending efficiency and program focus. The significant drop in assets from over $400,000 in 2023 to $14,764 in the latest report is a critical point that would require reviewing the full 990 to understand the underlying reasons, such as significant grant disbursements or asset revaluation.