Is Coastal Counseling Center Inc Legit?

Coastal Counseling Center Inc has demonstrated consistent operations over the past decade, with revenues fluctuating but generally showing growth from $64,738 in 2013 to $219,517 in 2022. However, the organization has recently experienced financial strain, with expenses exceeding revenue in both 2021 ($292,185 expenses vs. $265,638 revenue) and 2022 ($265,766 expenses vs. $219,517 revenue), leading to a negative net position. This trend is concerning, as it indicates the organization is spending more than it takes in, which is unsustainable long-term. The organization's assets are relatively low at $16,008 in 2022, especially when compared to its liabilities of $69,132 in the same year, suggesting a weak financial reserve and potential solvency issues. The organization's transparency is bolstered by its consistent filing of IRS Form 990s over 12 periods, indicating adherence to reporting requirements. The reported 0% officer compensation across all available filings suggests that the organization is either entirely volunteer-run at the executive level or that compensation is not reported in a way that is immediately visible as 'officer compensation' on the 990-EZ, which is common for smaller organizations. While this can be a positive indicator of resource allocation to mission, it also warrants further investigation to understand the full compensation structure if any key personnel are involved. Spending efficiency is difficult to fully assess without a detailed breakdown of expenses into program, administrative, and fundraising categories, which is not provided in the summary data. However, the consistent deficit spending in recent years raises questions about operational efficiency and financial management. The significant increase in liabilities from $24,189 in 2021 to $69,132 in 2022, while assets remained low, is a critical area of concern that could impact the organization's ability to deliver on its mission effectively in the future.