Is Mccready Telford Foundation Inc Legit?

The Mccready Telford Foundation Inc demonstrates consistent financial health with a strong asset base relative to its revenue. In the latest period (202006), the organization reported $55,161 in revenue against $19,744 in expenses, resulting in a surplus that contributes to its growing assets of $623,680. The foundation has maintained zero liabilities in recent years, indicating sound financial management and a low-risk profile. Its NTEE code L192 suggests a focus on higher education institutions, which aligns with its consistent, albeit modest, operational expenses. The organization exhibits excellent spending efficiency, with expenses consistently well below revenue in most recent periods. For instance, in 2020, only 35.79% of its revenue was spent, allowing for significant asset growth. The absence of officer compensation further enhances its efficiency and demonstrates a commitment to directing resources towards its mission. While specific program spending details are not provided in the summary data, the low overall expense ratio suggests a lean operational model. The Mccready Telford Foundation Inc appears highly transparent, particularly given its consistent filing of IRS Form 990s over nine periods. The consistent reporting of zero officer compensation across all available filings is a significant indicator of transparency and a volunteer-driven or minimally compensated leadership structure. The clear financial statements with no reported liabilities in recent years also contribute to a positive transparency assessment.