Is 820 River St Inc Legit?

820 River St Inc demonstrates consistent operational activity with revenues and expenses generally in the multi-million dollar range. The organization appears to operate on a relatively tight margin, with expenses often closely tracking or slightly exceeding revenues in several periods, such as 2020, 2019, 2018, 2017, 2016, and 2015. This indicates a focus on deploying funds directly into operations rather than accumulating large surpluses. The most recent filing for 2023 shows a positive net income of approximately $1 million ($5,046,500 revenue vs. $4,022,727 expenses), which is a significant improvement over prior years and contributes to an increase in assets. Financial health appears stable, with assets consistently exceeding liabilities, indicating solvency. For instance, in 2023, assets were $1,613,455 against liabilities of $475,156. The organization's spending efficiency cannot be fully determined without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the consistent operation and the absence of reported officer compensation suggest a lean operational structure. Transparency is good in terms of filing history, with 13 filings available, but the lack of detailed expense categories limits a deeper analysis of spending efficiency.