Is Bethesda Elementary Parent Teacher Organization Legit?

Bethesda Elementary Parent Teacher Organization demonstrates consistent financial health with a positive trend in net assets over the past few years. For the latest period (202406), the organization reported revenue of $53,776 against expenses of $28,685, resulting in a significant surplus that contributed to its current assets of $38,205. This indicates effective financial management and an ability to retain funds for future activities. The organization's liabilities have consistently been reported as $0 across all available filings, which is a strong indicator of financial stability and responsible fiscal practices. The organization's spending efficiency appears robust, particularly given its nature as a Parent Teacher Organization. With no officer compensation reported in any filing, it suggests a volunteer-driven model, which maximizes the proportion of funds directly benefiting its programs. While specific program spending percentages aren't detailed in the provided summary, the absence of officer compensation implies a high degree of direct program investment. The consistent growth in assets from $3,633 in 201906 to $38,205 in 202406 further supports its capacity to fund its mission. Transparency is generally good, with consistent annual filings. The lack of officer compensation is a positive transparency signal, indicating that funds are not being diverted to high executive salaries. The consistent reporting of $0 liabilities across all periods also enhances its transparency profile, showing a clear and unencumbered financial position. Overall, the organization appears to be a well-managed and financially sound entity, effectively utilizing its resources for its stated purpose.