Is Connectability Inc Legit?

Connectability Inc. demonstrates a generally stable financial position with consistent growth in revenue and assets over the past decade. In the latest filing (202312), the organization reported revenue of $207,776 against expenses of $198,051, indicating a modest surplus. Their assets have grown significantly from $13,221 in 2011 to $225,896 in 2023, suggesting effective asset management and financial stability. The organization consistently reports 0% officer compensation, which is a strong indicator of volunteer leadership and a commitment to directing funds towards its mission. While specific program spending ratios are not detailed in the provided data, the consistent reporting of 0% officer compensation suggests a high degree of efficiency in administrative costs related to executive salaries. The organization's liabilities remain very low relative to its assets, indicating a healthy balance sheet. The growth trajectory, especially the jump in revenue from $132,142 in 2022 to $207,776 in 2023, shows increasing support and operational capacity. Overall, Connectability Inc. appears to be a financially sound and transparent organization, particularly given its consistent growth, low liabilities, and the absence of paid executive compensation. This structure likely allows a greater proportion of funds to be allocated directly to programs, though a detailed breakdown of program vs. administrative vs. fundraising expenses would provide even greater clarity on spending efficiency.