Is South Portland Cape Elizabeth Rotary Charitable Fund Legit?

The South Portland Cape Elizabeth Rotary Charitable Fund demonstrates consistent financial health with a stable asset base and generally positive net revenue. In the most recent filing (202306), the organization reported revenue of $133,767 against expenses of $120,047, indicating a surplus. Over the past decade, revenue has shown a positive trend, nearly doubling from $66,440 in 201506 to $133,767 in 202306, suggesting growing support or successful fundraising efforts. The organization maintains a healthy asset level, with $162,832 in assets as of 202306, providing a solid financial foundation. Spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This indicates that the organization's leadership is likely volunteer-based, maximizing the proportion of funds available for programmatic activities. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the absence of paid executive compensation is a significant positive indicator for efficiency. The organization's liabilities have generally remained low, with the exception of $60,000 in 202106, which was subsequently reduced to $523 by 202306, demonstrating effective financial management. Transparency is high due to the consistent filing of IRS Form 990s and the clear indication of no paid executive compensation. The consistent financial reporting over 13 filings provides a comprehensive view of the organization's financial trajectory. The NTEE code S80 (Rotary Clubs) suggests a focus on community service, which aligns with the charitable fund's mission. Overall, the organization exhibits sound financial management, strong spending efficiency due to volunteer leadership, and good transparency.