Is The 85 Fund Legit?

The 85 Fund demonstrates significant financial activity, with its latest reported revenue at $168,530,018. Over the past few years, the organization has consistently reported revenues exceeding expenses, particularly in 2020 and 2021, indicating a period of growth and accumulation of assets. However, in 2022 and 2023, expenses slightly outpaced revenue, with 2023 showing expenses of $145,383,583 against revenues of $143,050,000. This suggests a shift towards spending down reserves or operating at a slight deficit in recent periods. The organization's assets have fluctuated, reaching a high of over $10 million in 2021 before declining to $3,879,307 in 2023. The consistent reporting of zero liabilities across all available filings is a strong indicator of financial stability and a lack of debt, which is a positive sign for financial health. The absence of reported officer compensation in all filings suggests that executive leadership may be unpaid or compensated through other means not captured in this specific line item, which could impact transparency regarding leadership costs. Without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. However, the consistent growth in revenue and the absence of liabilities are positive indicators. The lack of reported officer compensation, while potentially positive for overhead, also means less transparency regarding how leadership is supported. Further detail on functional expenses would be necessary for a complete picture of spending efficiency and program impact.