Is Chesco Inc Legit?

Chesco Inc demonstrates consistent financial growth and strong program spending efficiency over the past decade. In the most recent filing (202406), the organization reported revenue of $6,428,923 against expenses of $5,888,028, indicating a healthy surplus. Their assets have steadily increased from $707,917 in 2015 to $3,322,427 in 2024, showing good financial management and capacity building. The organization's commitment to its mission is evident in its program spending, which consistently accounts for a high percentage of total expenses. The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 13 filings available. A notable aspect is the reported 0% officer compensation across all available filings, which suggests that executive leadership may be volunteer-based or compensated through other means not categorized as officer compensation on the 990, or that the organization has a very lean administrative structure. This practice, if accurate, significantly contributes to a higher proportion of funds being directed towards programs. Overall, Chesco Inc appears to be a financially sound and efficiently run nonprofit. The consistent growth in revenue and assets, coupled with a high program spending ratio and no reported officer compensation, paints a picture of an organization dedicated to its mission with prudent financial stewardship. The increasing liabilities in recent years, while still manageable relative to assets, warrant continued monitoring.