Is James C Cabrera Memorialscholarship Fund Legit?

The James C Cabrera Memorialscholarship Fund demonstrates a consistent commitment to its mission of providing scholarships, as evidenced by its NTEE code B82 (Scholarships & Student Financial Aid). The organization has maintained a healthy asset base, with assets ranging from $298,186 to $516,586 over the past decade, indicating financial stability. A key strength is its transparency regarding executive compensation, consistently reporting 0% officer compensation across all available filings, which is excellent for a nonprofit of its size. However, recent years show expenses exceeding revenue, such as in 2023 where expenses were $217,265 against revenues of $178,762, and in 2022 with expenses of $173,857 against revenues of $163,639. This trend, if continued, could gradually erode its asset base, which has seen a decline from $516,586 in 2018 to $358,962 in 2023. While this may be a strategic decision to disburse more funds, it warrants monitoring. The organization's spending efficiency appears to be strong given the lack of officer compensation, suggesting that a significant portion of its operational costs are directly related to program delivery or essential administrative functions without high overhead for leadership salaries. The consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to regulatory compliance and transparency. The absence of reported liabilities across all filings is another positive indicator of sound financial management. While the recent revenue-expense imbalance is a point to watch, the overall picture suggests a well-managed organization focused on its programmatic goals.