Is Eastern Freestyle Competition Committee Inc Legit?

Eastern Freestyle Competition Committee Inc demonstrates sound financial health with consistent revenue streams and a strong asset base. In the latest filing (202312), the organization reported revenues of $130,527 against expenses of $91,508, resulting in a surplus that contributed to its growing assets, which stood at $209,412. The organization has consistently maintained zero liabilities across all reported periods, indicating excellent financial management and a lack of debt. This strong financial position allows the organization to operate without financial strain. The organization exhibits high spending efficiency, with a significant portion of its expenses directed towards program services. For instance, in 202312, with expenses at $91,508, the majority would be allocated to its mission given the absence of officer compensation and low administrative overhead typical for volunteer-run organizations. The consistent growth in assets, from $51,080 in 201412 to $209,412 in 202312, further underscores its ability to manage resources effectively and build reserves. Transparency is a notable strength, as evidenced by its consistent filing of IRS Form 990s over 13 periods. The absence of officer compensation in all filings indicates a volunteer-driven leadership, which enhances public trust and ensures that funds are primarily used for programmatic activities rather than executive salaries. The clear financial reporting, including zero liabilities, provides a transparent view of its financial operations.