Is Boothbay Region Garden Club Inc Legit?

The Boothbay Region Garden Club Inc demonstrates consistent financial stability with a healthy asset base relative to its annual revenue. Over the past decade, assets have generally remained above $100,000, reaching $120,854 in the latest filing (202405) against revenue of $42,571. The organization consistently reports zero liabilities, indicating strong financial management and no reliance on debt. While revenue has fluctuated, ranging from a low of $4,290 in 202105 to a high of $42,571 in 202405, the club has managed its expenses effectively, often operating with a surplus or a modest deficit. The absence of officer compensation further enhances its transparency and commitment to directing resources towards its mission. The organization's spending efficiency appears high, particularly given the consistent reporting of 0% officer compensation across all available filings. This suggests that the club is primarily volunteer-run, minimizing administrative overhead related to salaries. With total expenses of $26,464 in the latest period (202405) against revenue of $42,571, the club generated a surplus, indicating sound financial planning. The consistent asset base and lack of liabilities are strong indicators of prudent financial stewardship. Transparency is a significant strength for the Boothbay Region Garden Club Inc. The consistent filing of IRS Form 990s over many years, coupled with the clear reporting of zero liabilities and zero officer compensation, provides a very clear picture of its financial operations. This level of transparency, especially for an organization of its size, is commendable and builds trust with donors and the community.