Is Jeremy Elliott Scholarship Foundation Legit?

The Jeremy Elliott Scholarship Foundation demonstrates strong financial health and a clear commitment to its programmatic mission. Over the past five years, the organization has consistently grown its assets, reaching $2,162,064 in 2023, up from $1,545,232 in 2020. Revenue has also shown a positive trend, with $573,944 in 2023, indicating robust donor support. The foundation's spending efficiency is commendable, with a significant portion of its expenses directed towards program services, as evidenced by the high program spending ratio. The consistent reporting of 0% officer compensation across all available filings highlights a strong dedication to directing funds towards the mission rather than administrative overhead. The organization's financial management appears prudent, with assets significantly outweighing liabilities. For instance, in 2023, assets were $2,162,064 against liabilities of $13,250. This healthy balance sheet provides a stable foundation for future operations and scholarship disbursements. The consistent growth in both revenue and assets, coupled with efficient spending, suggests a well-managed and impactful organization. Transparency is excellent, with 13 filings available and consistent reporting of key financial metrics, including zero officer compensation. This level of detail and consistency allows for a clear understanding of the foundation's financial activities and reinforces trust in its operations. The NTEE code B82 (Scholarship & Student Aid) aligns perfectly with the organization's name and implied mission, further supporting its programmatic focus.