Is Greater Raymond New Hampshire Rotary Scholarship And Charitable Legit?

The Greater Raymond New Hampshire Rotary Scholarship And Charitable organization demonstrates a commitment to its mission through consistent program spending, as evidenced by its NTEE code B82 (Scholarships, Student Financial Aid). The organization's financial health shows some volatility in revenue and expenses over the past nine years. For instance, in 2024, expenses significantly outstripped revenue ($58,519 vs. $24,380), leading to a decrease in assets from $89,865 in 2023 to $50,836. However, the organization has maintained a healthy asset base relative to its annual revenue, with assets of $42,369 against latest revenue of $28,580. The absence of officer compensation across all reported periods indicates a volunteer-driven leadership, which is a positive sign for donor confidence and efficient use of funds. Spending efficiency appears strong in most years, with expenses generally aligned with or below revenue, except for notable periods like 2024 and 2019 where expenses exceeded revenue. The organization's consistent filing of IRS Form 990s over nine periods indicates good transparency practices. The lack of liabilities in most years also suggests sound financial management. While the organization experienced a significant drop in assets in 2024, it has historically recovered and maintained a stable financial position, suggesting resilience in its operations.