AI Transparency Report
The Peter B & Adeline W Ruffin Foundation Inc. appears to be a private foundation, given its consistent revenue and expense patterns, and the absence of officer compensation. Over the past several years, the foundation has consistently spent more than it has brought in through revenue. For instance, in the 202311 period, the foundation reported revenues of $2,163,363 against expenses of $3,262,747, indicating a deficit of over $1 million for that year. This trend is visible across multiple years, leading to a significant decline in assets from $11,183,546 in 2011 to $4,125,003 in 2023. While this spending pattern is typical for foundations distributing grants, the sustained decline in assets warrants attention to ensure long-term sustainability. The consistent reporting of $0 officer compensation suggests good governance in terms of executive pay, aligning with best practices for private foundations where founders or trustees often serve without direct salary. The liabilities have remained minimal, indicating sound financial management in that regard. The lack of an NTEE code makes it difficult to assess program focus without further information, but the consistent spending above revenue suggests active grantmaking.