Is Coral Gables Cinemateque Inc Legit?

Coral Gables Cinemateque Inc demonstrates a generally healthy financial trajectory, particularly in recent years. The organization has shown consistent revenue growth, increasing from $708,367 in 2020 to $1,354,341 in 2023, indicating strong community support and effective fundraising. Their asset base has also expanded significantly, from $274,121 in 2020 to $1,345,409 in 2023, suggesting prudent financial management and accumulation of resources. Spending efficiency appears reasonable, with expenses generally tracking below or close to revenue, allowing for asset growth. For instance, in 2023, revenues of $1,354,341 exceeded expenses of $1,240,545. A notable aspect of their financial health is the consistent reporting of 0% officer compensation across all available filings, which speaks to a commitment to directing funds towards their mission rather than executive salaries. This practice enhances their transparency and public trust. While specific program spending percentages are not provided in the raw data, the absence of officer compensation and the overall positive financial trends suggest a focus on mission delivery. The significant increase in assets and sustained revenue growth point to a well-managed organization capable of sustaining its operations and potentially expanding its cultural impact in the Coral Gables community.