Is Benevolent & Protective Order Of Elks Of The Usa Legit?

The Benevolent & Protective Order Of Elks Of The Usa in Farmington, ME, demonstrates consistent financial activity, with revenues generally exceeding expenses in recent years, contributing to a steady growth in assets. For instance, in the 202403 period, revenue was $184,067 against expenses of $173,326, leading to an increase in assets to $386,242. The organization's assets have shown a positive trend, growing from $143,445 in 202003 to $386,242 in 202403, indicating sound financial management and accumulation of resources. Liabilities have remained relatively stable, suggesting no significant debt burden. However, without detailed expense breakdowns for program services, administrative costs, and fundraising, it's challenging to fully assess spending efficiency. The absence of reported officer compensation across all filings suggests either a volunteer-led executive team or that compensation falls below reporting thresholds, which can be a positive indicator for donor confidence regarding executive pay. The organization's consistent filing history demonstrates a commitment to transparency through regular reporting to the IRS. Overall, the organization appears to be in a stable financial position with growing assets and controlled liabilities. A more granular view of expense allocation would further enhance the assessment of its spending efficiency and program impact.