Is The Madigan Family Foundation Inc Legit?

The Madigan Family Foundation Inc demonstrates strong financial health and a clear focus on its programmatic mission. Over the past decade, the organization has shown consistent growth in both revenue and assets, with its latest reported revenue at $2,173,059 and assets at $4,143,417. A key indicator of efficiency is its very low expense ratio relative to revenue; for instance, in the 202406 period, expenses were only $113,243 against $1,083,929 in revenue. This suggests a highly efficient operation, likely due to its nature as a private foundation primarily making grants. The foundation also exhibits excellent transparency by consistently filing its IRS Form 990s, and its financial statements show minimal liabilities, indicating sound fiscal management. The absence of officer compensation further reinforces its commitment to maximizing resources for its charitable purpose. The foundation's spending efficiency is exceptional, with a significant portion of its resources directed towards its mission, as evidenced by the low operational expenses. Given its structure, administrative costs are inherently low, and there are no fundraising expenses in the traditional sense. This allows for a very high percentage of its available funds to be allocated to program-related activities, which aligns well with its NTEE code (T22 - Private Grantmaking Foundations). The consistent growth in assets also indicates effective stewardship of its endowment, ensuring long-term sustainability for its philanthropic endeavors. Overall, The Madigan Family Foundation Inc appears to be a well-managed and highly effective grantmaking entity.