Is Electus Academy Legit?

Electus Academy appears to be a small, consistently operating nonprofit based on its historical IRS 990 filings. Over the six-year period from 2011 to 2016, the organization maintained revenues generally between $196,430 and $332,662, with corresponding expenses. The organization consistently reported positive net assets, growing from $67,517 in 2011 to $169,845 in 2016, indicating sound financial management and an ability to build reserves. Liabilities remained very low across all reported periods, suggesting a healthy balance sheet and minimal debt burden. However, a significant concern is the 'Latest Revenue: $0' and 'Assets: $0' reported for the most recent period, which contradicts the historical data. This discrepancy could indicate a cessation of operations, a change in reporting status, or an error in the provided latest data. Without clarification, it's difficult to assess current financial health. Assuming the historical data represents ongoing operations, the organization demonstrated reasonable spending efficiency, with expenses generally tracking closely to revenues, preventing significant deficits. The consistent reporting of 0% officer compensation across all filings suggests either a volunteer-led organization or that compensation is reported under other expense categories, which could impact transparency regarding leadership costs.