Is Colors Of The World Inc Legit?

Colors Of The World Inc appears to be in a stable financial position, demonstrating consistent revenue generation and asset growth over the past two reported periods. In the 202405 period, the organization reported revenue of $55,489 against expenses of $45,948, indicating a surplus. This positive trend is further supported by an increase in assets from $19,701 in 202305 to $29,241 in 202405, and currently standing at $33,732. The organization also reports zero liabilities in both periods, which is a strong indicator of financial health and low risk. The organization's spending efficiency cannot be fully assessed without a detailed breakdown of expenses into program, administrative, and fundraising categories, which is not provided in the summary data. However, the consistent surplus suggests responsible management of funds relative to their operational scale. The absence of reported officer compensation in both periods indicates that executive leadership is either unpaid or compensated through other means not captured in this specific metric, which can be a positive sign for donor confidence regarding resource allocation directly to mission-related activities. Transparency is good given the availability of two years of 990 data.