Is St Augustine Foundation Ltd Legit?

The St Augustine Foundation Ltd demonstrates a consistent pattern of financial stability, with assets steadily growing from $7,814,677 in 2011 to $7,998,119 in 2023, and a current total of $11,431,698. The organization's revenue has fluctuated significantly over the years, with a notable peak of $1,397,091 in 2022 and $1,111,812 in 2023, contrasting with lower figures like $295,009 in 2021. Despite these fluctuations, expenses have generally remained well below revenue in recent years, indicating sound financial management and an ability to build reserves. The consistent reporting of $1 in liabilities across all filings suggests a very strong balance sheet with minimal debt, which is a positive indicator of financial health. Regarding spending efficiency, the organization consistently reports 0% officer compensation, which is a significant positive for donor confidence as it suggests resources are not being diverted to high executive salaries. While specific program spending percentages are not detailed in the provided data, the low expense-to-revenue ratio in recent years (e.g., $654,447 expenses against $1,111,812 revenue in 2023) implies that a substantial portion of funds could be available for programmatic activities or asset growth. The lack of detailed expense breakdowns (program, admin, fundraising) in the provided summary limits a precise assessment of spending efficiency, but the overall financial picture is one of careful stewardship. Transparency is generally good given the consistent filing of IRS Form 990s over a decade. The consistent reporting of key financial metrics like revenue, expenses, assets, liabilities, and officer compensation provides a clear historical view of the organization's financial activities. The absence of officer compensation is a strong point for transparency, as it directly addresses a common concern for donors. However, for a more complete transparency assessment, detailed breakdowns of functional expenses would be beneficial.