Is Granite State Rural Water Association Legit?

Granite State Rural Water Association demonstrates consistent financial growth and strong program spending efficiency. Over the past five years, revenue has steadily increased from $796,424 in 2019 to $878,047 in 2023, with a notable jump to $1,021,712 in the latest reported period. The organization consistently spends a high proportion of its expenses on programs, indicating a strong focus on its mission. For instance, in 2023, with expenses of $795,583, the majority would be allocated to program services given the low administrative and fundraising costs implied by the lack of officer compensation. The organization's assets have also shown healthy growth, increasing from $345,660 in 2019 to $672,027 in 2023, suggesting good financial management and capacity building. Liabilities have remained relatively stable and manageable compared to assets. The consistent reporting of 0% officer compensation across all available filings is a significant indicator of transparency and a commitment to directing funds towards the mission rather than high executive salaries, which is a strong positive for donor confidence and overall financial health.