Is Owen Cheatham Foundation Legit?

The Owen Cheatham Foundation demonstrates a consistent commitment to its mission, as evidenced by its financial filings. Over the past decade, the organization has maintained a healthy asset base, consistently above $4 million, indicating long-term stability. While revenue has fluctuated, including a negative revenue figure in 2023 (-$63,502), the foundation has generally managed its expenses well, keeping them below revenue in most years, particularly from 2015 to 2022. The absence of reported officer compensation across all filings suggests a volunteer-driven leadership or that compensation is covered by other means, which can be a positive indicator of efficiency, though it warrants further investigation for full transparency. The foundation's spending efficiency appears strong, with expenses generally well-controlled relative to its asset base and revenue. For instance, in 2022, with revenue of $878,944, expenses were $288,167, leaving a significant surplus. The negative revenue in 2023, coupled with expenses of $293,607, led to a decrease in assets, but the overall asset base remains robust at $4,814,202. The consistent low liabilities across all periods also points to sound financial management and minimal debt burden. Transparency is generally good, with 10 years of IRS 990 filings available. However, the NTEE code being 'Unknown' could indicate a lack of specific categorization, which might make it harder for donors to understand its precise programmatic focus. The lack of reported officer compensation, while potentially a strength, could also be a point for further clarification to ensure complete transparency regarding all forms of remuneration or support for leadership.