Is Custer County Friends For Life Society Legit?

Custer County Friends For Life Society demonstrates consistent financial stability with a healthy asset base relative to its annual revenue. The organization's assets have steadily grown from $572,449 in 2014 to $755,301 in 2023, indicating sound financial management and accumulation of resources. Their revenue has fluctuated, but generally remains in the $60,000-$100,000 range, with expenses typically lower than revenue, allowing for asset growth. The organization consistently reports zero liabilities and zero officer compensation, which are strong indicators of financial health and a volunteer-driven model. This suggests a high degree of transparency regarding financial operations and a commitment to minimizing overhead. The spending efficiency appears strong, particularly given the consistent reporting of zero officer compensation, implying that administrative costs are kept very low. While specific program spending percentages are not detailed in the provided data, the overall expense levels relative to revenue suggest that a significant portion of funds are available for their mission. The absence of liabilities further reinforces a prudent financial approach. The organization's consistent filing of IRS 990s over 13 periods also points to a commitment to regulatory compliance and transparency. Overall, Custer County Friends For Life Society exhibits robust financial health, efficient operations, and a high level of transparency, particularly through its consistent reporting of no liabilities and no executive compensation. The steady growth in assets over a decade, coupled with modest but consistent revenue, paints a picture of a well-managed and sustainable nonprofit.