Is Friends Of Colonial Pemaquid Legit?

Friends Of Colonial Pemaquid appears to be a very small organization with limited financial activity. In its latest reported period (201812), the organization reported $12,579 in revenue against $32,612 in expenses, indicating a deficit for that year. With $258,962 in assets and no liabilities, the organization maintains a healthy balance sheet, suggesting prior accumulation of funds or significant non-cash assets. The lack of reported revenue and assets in the 'latest' data point (which seems to be a summary of the most recent filing, but shows $0) might indicate a data lag or a period of inactivity, which warrants further investigation to understand its current operational status. The spending efficiency cannot be fully assessed without a detailed breakdown of expenses, but the deficit in 2018 suggests that the organization was spending more than it was bringing in during that period. The absence of officer compensation indicates a volunteer-led or very lean operational structure. Transparency is moderate, with one filing available, but the limited financial data makes a comprehensive assessment challenging.