Is Charles County Nursing And Rehabilitation Center Foundation Legit?

The Charles County Nursing And Rehabilitation Center Foundation demonstrates consistent financial growth and appears to be in a healthy financial position. Over the past four years, its revenue has steadily increased from $54,389 in 2020 to $107,267 in 2023, while assets have grown from $316,557 to $562,197 in the same period. The organization consistently spends less than its revenue, as seen in 2023 where expenses were $75,376 against $107,267 in revenue, indicating sound financial management and an ability to build reserves. The foundation's liabilities have also increased, but at a slower rate than assets, suggesting a stable balance sheet. Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to provide a precise assessment. However, the consistent positive net income suggests that the organization is managing its overall expenditures effectively. The absence of reported officer compensation across all filings indicates a strong commitment to directing funds towards the organization's mission rather than executive salaries, which is a positive sign for efficiency and donor trust. The foundation's consistent filing of IRS Form 990s demonstrates a commitment to transparency, providing public access to its financial data. Overall, the foundation exhibits characteristics of a well-managed and financially stable nonprofit. Its growth in revenue and assets, coupled with no reported officer compensation, suggests a focus on its mission and efficient use of resources. Further detailed expense breakdowns would enhance the understanding of its spending efficiency across different categories.