Is Coserv Charitable Foundation Legit?

The Coserv Charitable Foundation demonstrates consistent financial activity, with revenues generally exceeding or closely matching expenses over the past decade. In 2023, the organization reported revenues of $1,795,783 against expenses of $1,676,920, indicating a healthy operating surplus. While the latest reported assets are $186,577, the asset base has fluctuated significantly, reaching a high of $627,335 in 2020. The foundation's consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing funds towards its mission rather than executive salaries, enhancing its transparency and public trust. The foundation's spending efficiency appears robust, particularly given the absence of officer compensation. This implies that a substantial portion of its operational expenses are likely directed towards program delivery and necessary administrative functions. The consistent filing of IRS Form 990s over 13 periods further underscores a commitment to transparency and regulatory compliance, providing a clear historical financial record for public scrutiny. The NTEE code T30 (Electric Utilities) suggests a focus on community support related to utility services, which aligns with a charitable foundation linked to a utility company. Overall, Coserv Charitable Foundation exhibits sound financial management with a clear dedication to its charitable purpose, as evidenced by its financial statements and compensation practices. The fluctuations in assets and liabilities are not uncommon for foundations that distribute grants or manage specific projects, and the consistent revenue generation indicates ongoing community support.