Is College Of Philomath Community Corporation Legit?

The College Of Philomath Community Corporation demonstrates consistent, albeit modest, financial activity over its last three reported periods. Revenue has remained stable, hovering around $30,000-$33,000 annually, with the latest reported revenue at $30,820. Expenses have fluctuated, from a low of $20,056 in 2023 to a high of $29,643 in 2020. The organization consistently reports 0% officer compensation, which is a positive indicator for donor confidence and suggests resources are not being diverted to high executive salaries. While the organization's assets have seen a slight decline from $280,350 in 2017 to $254,511 in 2023, its liabilities have also significantly decreased from $126,610 to $51,219 over the same period, indicating improved financial stability and reduced debt burden. The NTEE code A80 suggests a focus on education, which aligns with its name. The consistent filing of IRS 990 forms demonstrates a commitment to transparency.