Quick charity verification for Black Point Cemetery Corporation (EIN: 16012524)
Verdict: Black Point Cemetery Corporation appears trustworthy
95/100Mission Score
$56KRevenue
$667KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Zero liabilities reported across all periods, indicating excellent financial health.
No officer compensation reported, demonstrating a strong commitment to mission-focused spending.
Consistent asset growth, with assets increasing from $601,597 in 2021 to $666,530 currently.
Strong program focus, as implied by the NTEE code and lack of administrative overhead for executive salaries.
Positive net income in 2023 ($92,351 revenue vs. $79,962 expenses), showing financial sustainability.
AI Transparency Report
Black Point Cemetery Corporation demonstrates consistent financial stability, with assets growing from $601,597 in 2021 to $602,468 in 2023, and a significant increase in revenue to $92,351 in 2023. The organization consistently reports zero liabilities, indicating a very healthy balance sheet and strong financial management. Their commitment to transparency is high, as evidenced by readily available filings and zero reported officer compensation across all periods, suggesting that all funds are directed towards the organization's mission rather than executive salaries. The NTEE code Y50 (Cemeteries and Burial Services) aligns with their name, indicating a clear mission focus. The fluctuation in revenue and expenses over the years is typical for smaller organizations, but the overall trend shows growth and prudent financial stewardship.