Is Afge National Ice Council 118 Legit?

Afge National Ice Council 118 has experienced a consistent decline in revenue and assets over the past few years, with revenue dropping from $183,535 in 2018 to $127,647 in 2022, and assets decreasing from $319,476 to $41,192 in the same period. The organization has also consistently spent more than it earned in recent years, with expenses exceeding revenue by $44,621 in 2022 and $107,969 in 2021. This trend of operating deficits is concerning for long-term financial stability. The organization reports no liabilities and zero officer compensation, which are positive indicators of financial management and transparency regarding executive pay. While the specific breakdown of program, administrative, and fundraising expenses is not explicitly detailed in the provided data, the consistent operating deficits suggest that the organization's spending may be unsustainable relative to its declining revenue. The lack of liabilities is a strength, but the significant reduction in assets indicates that the organization has been drawing down its reserves to cover operational costs. Further analysis of their functional expense statement would be necessary to fully assess spending efficiency. In terms of transparency, the consistent filing of IRS Form 990s is a positive sign. The absence of officer compensation simplifies the analysis of executive pay, indicating that resources are not being diverted to high salaries. However, the overall financial trajectory raises questions about the organization's ability to sustain its mission given the shrinking asset base and ongoing deficits.