Is Boothby Institute Legit?

Boothby Institute's financial health shows significant volatility over the past decade. While the organization reported positive net income in 2023 ($31,030 revenue vs. $24,478 expenses), this follows several years of operating deficits, notably in 2022 (expenses exceeded revenue by $4,366) and 2021 (expenses exceeded revenue by $16,679). The organization's assets have fluctuated wildly, even reporting negative assets in multiple years, such as -$7,152 in 2018 and -$21,522 in 2017, before recovering to $6,552 in 2023. This indicates an inconsistent financial foundation. Spending efficiency is difficult to fully assess without a detailed functional expense breakdown, which is not provided in the summary data. However, the consistent reporting of 0% officer compensation suggests that a significant portion of resources is not being diverted to executive salaries, which is a positive indicator for donor confidence. The organization's ability to manage liabilities has improved, with $0 reported in 2023, down from $773 in 2022. Transparency is generally good given the consistent filing of IRS Form 990s over 14 periods. The absence of officer compensation is a transparent practice. However, the lack of detailed expense categories in the provided data limits a deeper analysis of how funds are allocated between programs, administration, and fundraising. A more granular breakdown would enhance understanding of their operational efficiency and program impact.