Is Perry And Ruby Stevens Charitable Foundation Legit?

The Perry And Ruby Stevens Charitable Foundation demonstrates a consistent commitment to its charitable purpose, primarily through grantmaking, as indicated by its NTEE code T20 (Private Grantmaking Foundations). Over the past decade, the foundation has maintained substantial assets, peaking at $66,301,724 in 2015 and currently standing at $63,957,747. Its revenue and expenses have fluctuated, with the latest period (202312) showing revenue of $4,900,785 against expenses of $3,302,080, resulting in a surplus. The foundation consistently reports 0% officer compensation, which is a strong indicator of efficient use of funds and a focus on its mission rather than administrative overhead related to executive pay. Spending efficiency appears high, given the nature of a private foundation where most expenses are program-related grants. The absence of officer compensation further reinforces this. While specific breakdowns of program, administrative, and fundraising expenses are not detailed in the provided summary, the overall financial health is robust, with significant assets supporting its grantmaking activities. The foundation's liabilities have remained relatively low across most periods, suggesting sound financial management. Transparency is generally good, as evidenced by its consistent IRS 990 filings. The lack of officer compensation is a key positive transparency point. To further enhance transparency, a more detailed breakdown of administrative versus program expenses beyond just grants would be beneficial, though for a private foundation, the vast majority of 'expenses' are direct program disbursements.