Is Community Foundation Of Carroll County Legit?

The Community Foundation Of Carroll County demonstrates consistent financial health and growth, with assets steadily increasing from $940,538 in 2015 to $1,878,943 in 2024. The organization consistently maintains zero liabilities, indicating a strong balance sheet and responsible financial management. Revenue has fluctuated but generally supported operations, with the latest reported revenue at $448,950 against expenses of $426,777 in 2024, showing a surplus. The organization exhibits excellent spending efficiency, as evidenced by its consistent reporting of 0% officer compensation across all available filings. This suggests that administrative costs are kept very low, allowing a greater proportion of funds to be directed towards its programmatic mission. The consistent surplus of revenue over expenses further reinforces its financial stability and capacity to grow its endowment and grant-making activities. Transparency is high, with 13 filings available, providing a clear historical view of its financial operations. The absence of officer compensation is a significant positive indicator of a volunteer-driven or very lean operational structure, which enhances donor confidence. Overall, the Community Foundation Of Carroll County appears to be a well-managed and financially sound organization focused on its community mission.