Is Beelzebubs Alumni Association Inc Legit?

The Beelzebubs Alumni Association Inc. demonstrates a consistent financial history, though recent years show expenses exceeding revenue. In 2023, the organization reported revenues of $114,643 against expenses of $143,818, resulting in a deficit. This trend of spending more than it takes in has been observed in 2022 ($65,357 revenue vs. $109,307 expenses) and 2021 ($47,320 revenue vs. $58,176 expenses) as well. Despite these operational deficits, the organization maintains a substantial asset base, with assets reported at $812,993 in 2023, which has fluctuated but generally grown over the past decade from $393,615 in 2014. The organization's liabilities are relatively low, standing at $5,000 in 2023, indicating a healthy balance sheet despite the recent operational shortfalls. The organization's transparency is high regarding executive compensation, as 0% officer compensation has been reported across all available filings, suggesting a volunteer-led or very lean administrative structure. This lack of paid leadership is a significant positive indicator for donor confidence. However, without a detailed breakdown of expenses (program, administrative, fundraising) in the provided data, a precise assessment of spending efficiency is challenging. The NTEE code A6B suggests an alumni association, implying a focus on supporting a specific group, which aligns with a potentially lower overhead model.