Is Washington State College Of Ohio Foundation Legit?

The Washington State College Of Ohio Foundation demonstrates consistent financial growth and appears to be fiscally responsible. Over the past decade, its assets have steadily increased from $924,876 in 2014 to $2,120,819 in 2023, indicating effective asset management and endowment building. Revenue has fluctuated but generally trended upwards, with the latest reported revenue at $362,819 in 2023. The organization consistently spends less than its revenue, allowing for asset accumulation. The foundation's spending efficiency is commendable, as evidenced by its low expense ratios relative to revenue. For instance, in 2023, expenses were $267,379 against revenues of $362,819, suggesting a significant portion of funds are retained or directly applied to program services. The absence of reported officer compensation across all filings is a strong indicator of volunteer leadership, which enhances spending efficiency and transparency. This practice suggests that administrative costs are likely kept very low, maximizing the impact of donations towards its educational mission. Transparency is high given the consistent filing of IRS Form 990s and the clear financial trends. The lack of officer compensation further reinforces a commitment to directing resources towards its mission rather than executive salaries. The foundation's financial health appears robust, with a solid asset base and a history of managing expenses effectively, positioning it well to support Washington State College of Ohio.