Is Beth Isreal Cemetery Association Legit?

Beth Israel Cemetery Association demonstrates consistent financial activity, with revenues generally increasing over the past decade, reaching $11,516,722 in 2023. However, the organization has consistently reported expenses exceeding revenue, with a deficit of $3,484,455 in 2023 ($15,001,177 expenses vs. $11,516,722 revenue). This trend of operating at a deficit has been observed across multiple years, indicating that the organization's operational costs frequently outpace its incoming funds. Despite these operational deficits, the organization's assets have shown substantial growth, increasing from $100,792,506 in 2014 to $144,375,141 in 2023, suggesting significant non-operating income or investment gains are contributing to asset accumulation. Liabilities have also grown considerably, from $64,524,247 in 2014 to $126,485,245 in 2023, which warrants further investigation to understand the nature of these obligations. The organization's transparency regarding executive compensation is high, reporting 0% officer compensation across all available filings. This indicates that no compensation was paid to officers, directors, trustees, or key employees, which is a notable aspect of its financial structure. While the NTEE code is unknown, making direct peer comparison difficult, the consistent reporting of financial data over 13 periods provides a good basis for analysis. The sustained growth in assets alongside consistent operational deficits and increasing liabilities suggests a complex financial model, potentially reliant on investment income or other non-operational funding sources to maintain its long-term financial health.