Is Sansom Foundation Inc Legit?

The Sansom Foundation Inc. demonstrates a consistent pattern of financial stability, with assets steadily growing from $17.3 million in 2011 to over $22.7 million currently. The organization's revenue has fluctuated, experiencing a notable dip in 2020 to $87,051, but has since rebounded significantly, reaching $1.5 million in 2023. Expenses have generally remained below revenue in recent years, indicating sound financial management and an ability to build reserves. The organization's liabilities are consistently reported as minimal ($0-$1), suggesting a very low debt burden and strong financial health. Spending efficiency appears to be strong, particularly given the consistent growth in assets and the fact that officer compensation has been reported as 0% across all available filings. This suggests that a very high proportion of funds are likely directed towards program services and operational costs rather than executive salaries. The absence of officer compensation also points to a high degree of transparency regarding how funds are allocated, as it implies a volunteer-led or very lean administrative structure at the top. Overall, the Sansom Foundation Inc. exhibits robust financial health, efficient spending practices, and a high level of transparency, particularly concerning executive compensation. The consistent asset growth and minimal liabilities are strong indicators of a well-managed and financially secure organization.