Is Reserve At Lake Keowee Community Foundation Legit?

The Reserve At Lake Keowee Community Foundation demonstrates consistent financial activity, with revenues and expenses generally in a similar range over the past few years. For instance, in 2023, revenue was $199,390 against expenses of $225,962, indicating a slight deficit. However, in 2021, the organization reported a surplus with $281,867 in revenue and $238,704 in expenses. The organization's assets have shown growth over time, from $208,835 in 2014 to $456,421 in 2023, suggesting sound financial management and asset accumulation. Liabilities have remained relatively low and manageable, peaking at $34,987 in 2022. Spending efficiency appears to be strong, particularly given the consistent reporting of 0% officer compensation across all available filings, which is a significant positive indicator for donor confidence. While specific program spending percentages are not detailed in the provided summary, the absence of executive compensation suggests that a substantial portion of funds is likely directed towards the organization's mission. The foundation's consistent filing of IRS Form 990s over 13 periods indicates a commitment to transparency and regulatory compliance.