Is Mid State Foundation Legit?

Mid State Foundation appears to be a small, community-focused organization based on its consistent, albeit modest, revenue and asset levels over the past several years. For example, in 2018, the organization reported revenue of $47,633 and assets of $33,198. The organization has consistently maintained a healthy financial position with zero reported liabilities across all available filings, indicating strong fiscal management and no reliance on debt. While the NTEE code is unknown, the consistent operational scale suggests a stable, local presence. The organization demonstrates good spending efficiency, with expenses generally aligning closely with revenue. In 2018, expenses were $45,239 against $47,633 in revenue, resulting in a small surplus. There were periods of deficit spending, such as in 2014 where expenses ($98,988) significantly exceeded revenue ($60,583), which led to a decrease in assets from $72,407 in 2013 to $32,829 in 2014. However, the organization has since recovered, showing surpluses in more recent years. The consistent reporting of zero officer compensation across all filings suggests that leadership is likely volunteer-based or compensated through other means not reported as officer compensation, which can be a positive indicator of resource allocation directly to mission, assuming other compensation is not excessive. Transparency is generally good, with consistent IRS 990 filings available for eight periods. The lack of reported officer compensation is a notable point for transparency, as it indicates either a fully volunteer board or that compensation is structured differently. The absence of liabilities is a strong positive for financial transparency and stability. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency beyond overall revenue-to-expense ratios is challenging.