Is Forget Me Not Ministries Inc Legit?

Forget Me Not Ministries Inc demonstrates consistent financial health with a steady growth in assets over the past decade, reaching $746,606 in 2023. The organization consistently operates with a surplus, as seen in 2023 where revenue of $359,736 exceeded expenses of $320,648. This indicates sound financial management and an ability to build reserves. The organization also maintains extremely low liabilities, reporting $0 in 2023, which is a strong indicator of financial stability and responsible fiscal practices. Spending efficiency appears to be strong, with a significant portion of expenses likely directed towards programs given the absence of officer compensation and minimal liabilities. The consistent revenue generation, averaging around $300,000 annually, supports its operations effectively. The lack of reported officer compensation across all filings suggests that leadership may be volunteer-based or compensated through other means not categorized as officer compensation, which can contribute to higher program spending ratios. Transparency is high regarding executive compensation, as the organization consistently reports 0% officer compensation. This provides clear insight into how funds are allocated. The consistent filing of IRS Form 990s over 13 periods further enhances transparency, allowing for a comprehensive review of its financial history and trends.