Is Cbib Inc Legit?

Cbib Inc, with a latest reported revenue of $50,944 and assets of $8,774, appears to be a small organization. Its financial health shows some volatility; for instance, in 2021, expenses ($72,327) significantly outstripped revenue ($48,105), leading to a substantial increase in liabilities to $25,029 from $24,126 in 2020. This indicates a reliance on debt or accumulated deficits to cover operational costs in certain periods. The organization consistently reports 0% officer compensation across all available filings, which is a positive indicator for donor trust regarding executive pay. Spending efficiency is difficult to fully assess without a detailed functional expense breakdown, which is not provided in the summary data. However, the recurring pattern of expenses exceeding revenue in multiple years (e.g., 2021, 2020, 2018, 2016) suggests potential challenges in maintaining financial equilibrium. The organization's assets have fluctuated, from a high of $26,457 in 2020 to a low of $3,030 in 2018, and currently stand at $8,774, indicating limited reserves. Transparency regarding executive compensation is excellent, with no reported officer compensation. However, without more detailed expense breakdowns (e.g., program vs. administrative vs. fundraising), a comprehensive assessment of spending efficiency and program impact is limited. The consistent filing of IRS Form 990s demonstrates a commitment to regulatory compliance.