Is Cardinal Mccloskey School & Home For Children Inc Legit?

Cardinal McCloskey School & Home For Children Inc demonstrates consistent financial activity with revenues generally exceeding expenses, indicating a stable operational model. For instance, in fiscal year 2023, the organization reported revenues of $71,520,002 against expenses of $70,456,255, resulting in a surplus. This trend of positive net income is observed in most recent filings, contributing to a healthy asset base which stood at $39,003,831 in 2023. The organization's liabilities have also seen an increase, reaching $28,611,781 in 2023, which warrants monitoring to ensure long-term financial stability. The organization's spending efficiency appears to be robust, with a significant portion of its expenditures likely directed towards its programmatic mission, given the consistent operational surpluses. The absence of reported officer compensation across all available filings is a notable aspect of its financial transparency, suggesting either a volunteer-led executive structure or compensation being reported under different categories, which would require further investigation for complete clarity. The consistent revenue generation, often in the range of $60-70 million annually, indicates a strong funding base. While the financial data suggests operational stability and efficient use of funds, the lack of reported officer compensation in the provided data could be a point for further inquiry regarding executive leadership structure and compensation practices. The organization's assets have shown growth over the years, from $21,327,572 in 2014 to $39,003,831 in 2023, indicating prudent financial management and accumulation of resources to support its mission.