Is Friends Of Conway Recreation Inc Legit?

Friends Of Conway Recreation Inc demonstrates generally sound financial health, with assets consistently exceeding liabilities across all reported periods. The organization's revenue has fluctuated significantly over the years, peaking at $354,970 in 2018 and more recently at $216,533 in 2020, before declining to $59,474 in 2023. Despite these fluctuations, the organization has managed its expenses effectively, often operating with a surplus, as seen in 2023 where revenue of $59,474 exceeded expenses of $43,966. This indicates a responsible approach to financial management, ensuring sustainability even during periods of lower income. The organization's spending efficiency appears strong, particularly given that officer compensation has been reported as 0% across all available filings. This suggests that resources are primarily directed towards programmatic activities rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the absence of officer compensation is a positive indicator of efficiency. The consistent growth in assets from $24,362 in 2017 to $119,814 in 2023 further supports a picture of prudent financial stewardship and the ability to build reserves. In terms of transparency, the organization has a consistent filing history with the IRS, providing 13 filings. The consistent reporting of 0% officer compensation is a strong point for transparency, indicating that the organization is volunteer-led at the executive level. However, without more detailed expense breakdowns, it's challenging to fully assess the allocation of funds between programs, administration, and fundraising. Overall, the financial data suggests a well-managed, volunteer-driven organization focused on its mission.