Is Aquatic Restoration And Research Institute Legit?

The Aquatic Restoration And Research Institute demonstrates a strong financial position and efficient spending, particularly in recent years. With assets consistently growing, reaching $982,524 in 2023, and zero reported liabilities across all available filings, the organization exhibits excellent financial stability. Their revenue has shown significant growth, peaking at $756,915 in 2022, indicating robust fundraising or grant acquisition capabilities. The consistent absence of officer compensation reported across all filings suggests a volunteer-driven leadership or that compensation falls below reporting thresholds, which can be a positive indicator of resource allocation directly to mission. Spending efficiency appears high, as evidenced by expenses generally tracking below revenue, allowing for asset accumulation. For example, in 2023, expenses were $605,174 against $637,661 in revenue. The lack of detailed expense breakdowns (program, admin, fundraising) in the provided data makes a precise efficiency calculation challenging, but the overall financial health is robust. The consistent filing of IRS Form 990s over 13 periods indicates a commitment to transparency. Overall, the organization appears to be well-managed financially, with a clear focus on accumulating assets and maintaining a debt-free status. The absence of reported officer compensation is a notable characteristic that could contribute to higher program spending ratios, assuming other operational costs are managed effectively.