Is Contact Community Services Inc Legit?

Contact Community Services Inc demonstrates a generally stable financial position with consistent revenue streams over the past decade, averaging around $5 million annually. The organization has shown a positive trend in net assets, particularly in the most recent filing period (202312), where assets increased significantly to $7,369,613 from $3,186,297 in 202212, while liabilities also grew to $4,819,967. This indicates substantial growth in its financial base, though the increase in liabilities warrants attention. The organization consistently spends nearly all its revenue on expenses, with a relatively small surplus or deficit each year, suggesting efficient use of funds for its programs. The absence of reported officer compensation across all available filings is a notable aspect of its financial transparency and operational model. This could imply that executive leadership is compensated through other means not categorized as 'officer compensation' on the 990, or that the organization relies heavily on volunteer leadership or has a unique compensation structure. Further investigation would be needed to fully understand this aspect. Overall, the organization appears to be financially sound and focused on its mission, as evidenced by its consistent spending patterns relative to revenue.