Is South Carolina Cooperatives Care Foundation Legit?

The South Carolina Cooperatives Care Foundation demonstrates a generally healthy financial position, particularly in its most recent filing period (202312) where revenue significantly outpaced expenses ($106,028 vs. $21,430), leading to a substantial increase in assets to $101,930. This indicates effective financial management and a growing capacity to fulfill its mission. The organization consistently reports zero liabilities and zero officer compensation across all available filings, which are strong indicators of financial stability and a commitment to directing funds towards programs rather than administrative overhead or executive salaries. While revenue has fluctuated over the years, the recent trend shows positive growth and efficient spending. The organization's spending efficiency appears high, with expenses often well below revenue, especially in recent years. For instance, in 202312, only about 20% of revenue was spent, allowing for significant asset accumulation. The consistent reporting of no officer compensation further reinforces its dedication to program-focused spending. Transparency is excellent, with 13 filings available and clear reporting of key financial metrics, including zero liabilities and no executive pay, which are crucial for donor confidence. The NTEE code M20 (Community Improvement & Capacity Building) aligns with its name, suggesting a clear programmatic focus.