Is Bare Hill Rowing Association Legit?

Bare Hill Rowing Association demonstrates consistent financial health with a positive trend in revenue and assets over the past decade. In the latest filing (202312), the organization reported revenue of $470,629 against expenses of $378,554, indicating a healthy surplus. Its assets have grown steadily, reaching $561,465 in 2023, which is a strong indicator of financial stability and capacity. The organization's liabilities remain low relative to its assets, suggesting good financial management and minimal debt burden. The spending efficiency appears strong, as the organization consistently operates with a surplus and has no reported officer compensation, which is a positive sign for donor confidence. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial picture suggests that the majority of funds are likely directed towards its mission given the consistent surpluses and asset growth. The absence of officer compensation also points to a volunteer-driven or very lean operational structure. In terms of transparency, the organization has a robust filing history with 13 IRS 990 filings, indicating consistent compliance with regulatory requirements. The lack of reported officer compensation enhances its transparency profile, as it suggests that resources are not being diverted to high executive salaries. Overall, Bare Hill Rowing Association appears to be a financially sound and efficiently managed nonprofit.