Is Association For The Preservation Of Clear Lake Legit?

The Association For The Preservation Of Clear Lake demonstrates consistent financial stability, largely due to its substantial asset base relative to its modest annual revenue and expenses. In the latest filing period (202312), the organization reported revenue of $20,391 against expenses of $5,203, resulting in a significant surplus. This trend of revenue exceeding expenses is also evident in 202212 and 202112, indicating sound financial management in recent years. The organization's assets have grown from $256,694 in 202212 to $283,511 in 202312, further solidifying its financial position. Spending efficiency appears strong, with a significant portion of expenses likely directed towards its mission, given the low overall expense figures. The absence of reported officer compensation across all available filings suggests that the organization operates with a volunteer leadership structure, which contributes to lower administrative overhead. This lean operational model allows a greater proportion of its financial resources to be allocated directly to its programmatic goals. Transparency is high, as evidenced by the consistent filing of IRS Form 990s over 13 periods and the clear reporting of zero liabilities and zero officer compensation. The detailed financial history provided allows for a comprehensive understanding of its financial trends, including periods where expenses exceeded revenue (e.g., 2016-2020), which were offset by its strong asset base and subsequent surpluses. This consistent reporting and straightforward financial structure indicate a commitment to public accountability.