Is Reverend Charlie E And Cinderella S Taylor Sr Foundation Legit?

The Reverend Charlie E And Cinderella S Taylor Sr Foundation demonstrates a generally healthy financial position with consistent asset growth over the past decade, reaching $1,130,026 in the latest filing. The organization has shown significant revenue fluctuations, from a low of $44,298 in 2013 to a high of $350,850 in 2023, indicating a potentially varied funding base. A key strength is the consistent reporting of zero liabilities across all available filings, suggesting strong financial management and no outstanding debt. The foundation also reports 0% officer compensation, which is a positive indicator for donor confidence as resources are directed towards the mission rather than executive salaries. Spending efficiency appears strong, particularly in the most recent period (202312) where expenses ($265,191) were well within revenue ($350,850), resulting in a surplus. While specific program, administrative, and fundraising expense breakdowns are not explicitly detailed in the provided summary, the absence of officer compensation suggests a lean operational structure. The foundation's NTEE code B82 (Foundations, Grantmaking & Giving Services) implies its primary function is to provide grants, which inherently aligns with program spending. In terms of transparency, the organization has a robust filing history with 12 IRS 990 filings, demonstrating consistent compliance with reporting requirements. The consistent reporting of zero liabilities and zero officer compensation across all periods enhances its transparency profile, allowing stakeholders to clearly see how funds are managed and that executive pay is not a concern. The growth in assets from $248,502 in 2013 to over $1.1 million currently indicates effective stewardship of resources over time.