Is Anacortes Rotary Charitableassociation Legit?

Anacortes Rotary Charitableassociation demonstrates strong financial health and efficient spending, particularly in its most recent filing period. In 2024, the organization reported revenue of $331,998 against expenses of $126,430, indicating a significant surplus that contributed to a substantial increase in assets to $654,116. This trend of revenue exceeding expenses is largely consistent over the past few years, with notable surpluses in 2023 ($286,800 revenue vs. $121,443 expenses) and 2022 ($250,116 revenue vs. $98,265 expenses). The organization consistently reports zero liabilities, which is a strong indicator of financial stability and responsible management. The organization's spending efficiency appears high, as evidenced by the significant difference between revenue and expenses, suggesting a focus on accumulating assets to support future charitable activities. The absence of officer compensation further reinforces a commitment to directing resources towards its mission rather than administrative overhead. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the overall financial picture suggests a lean operational model. The consistent growth in assets, from $136,850 in 2021 to $654,116 in 2024, highlights effective financial stewardship and capacity building.