Is Susan And Leonard Feinstein Foundation Legit?

The Susan And Leonard Feinstein Foundation demonstrates a fluctuating financial landscape over the past decade. While the organization reported $5,704,769 in revenue and $4,658,340 in expenses in the most recent 202306 period, its assets have shown a consistent decline from $67,803,342 in 2011 to $36,398,065 in 2023. This trend, coupled with a significant negative revenue of $-5,656,833 in 2021, suggests reliance on its endowment rather than consistent operational income. Spending efficiency appears reasonable, with expenses generally lower than revenue in recent years, indicating that the foundation is not overspending its incoming funds. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. The consistent reporting of 0% officer compensation across all filings is a positive indicator of fiscal responsibility regarding executive pay. Transparency is generally good, with nine years of publicly available 990 filings. The consistent reporting of zero officer compensation enhances trust. However, the lack of NTEE code information makes it difficult to understand the specific mission area and compare its financial performance against similar organizations. Further detail on the allocation of expenses would improve overall transparency.