Is Tabat Family Foundation Inc Legit?

The Tabat Family Foundation Inc. demonstrates strong financial health, consistently growing its assets over the past decade, from $406,408 in 2011 to $4,408,224 in 2023. The organization maintains minimal liabilities, consistently reported as $1, indicating a very stable financial position. Spending efficiency, however, shows significant variability. In recent years (2022 and 2023), expenses have been remarkably low relative to revenue, with expenses of $24,811 against $738,399 revenue in 2022 and $26,624 against $700,787 revenue in 2023. This suggests a focus on asset accumulation rather than immediate program distribution in these periods. Conversely, in earlier years like 2021 and 2020, expenses were closer to or even exceeded revenue, such as $1,382,935 in expenses against $973,654 revenue in 2021, indicating periods of higher grantmaking or operational activity. The consistent reporting of 0% officer compensation across all filings enhances transparency regarding executive pay, suggesting a volunteer-driven or minimally compensated leadership structure. The foundation's NTEE code T20 (Private Grantmaking Foundations) aligns with its operational pattern of receiving revenue and making grants, which would be reflected in its expenses. Overall, the foundation appears to be a well-managed entity with a strong asset base and low liabilities. Its spending patterns suggest a strategic approach to grantmaking, with some years focused on building reserves and others on significant distributions. The lack of officer compensation is a positive indicator of efficient use of funds, though the specific breakdown of program vs. administrative expenses within the reported total expenses would provide a clearer picture of spending efficiency.