Is Ohnward Foundation Legit?

The Ohnward Foundation demonstrates a stable financial position with assets consistently exceeding liabilities, reaching $1,520,727 in the latest filing period (202312) against minimal liabilities of $1. The organization's revenue has fluctuated significantly over the past few years, from a high of $656,818 in 202212 to $75,713 in 202312, indicating reliance on variable funding sources. Expenses have generally remained modest relative to assets, with the latest period showing expenses of $90,935. Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses in the provided data, a precise assessment is challenging. However, the consistent reporting of 0% officer compensation across all filings suggests a commitment to minimizing overhead in this area. The foundation's NTEE code T20 (Philanthropy, Voluntarism, and Grantmaking Foundations) implies its primary function is grantmaking, which typically involves lower direct program delivery costs compared to service-oriented charities. Transparency appears to be adequate through its regular IRS 990 filings. The absence of officer compensation is a positive indicator of financial stewardship. However, a more detailed breakdown of expenses would enhance the ability to fully assess spending efficiency and program impact.