Is Friends Of Fort Knox Legit?

Friends Of Fort Knox demonstrates consistent financial health, with a positive net income in most recent years, such as 2023 where revenue of $712,846 exceeded expenses of $620,234. The organization's assets have shown significant growth, increasing from $202,298 in 2014 to $812,131 in 2023, indicating strong financial management and accumulation of resources. Liabilities have consistently been very low or zero, suggesting a healthy balance sheet and minimal debt burden. Spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings, which suggests that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, potentially reducing administrative overhead. The organization's program focus is implied by its mission and the lack of high administrative or fundraising costs, though specific program spending percentages would provide a clearer picture. The consistent filing of IRS Form 990s over 12 periods demonstrates a commitment to regulatory compliance and financial transparency. Overall, Friends Of Fort Knox appears to be a well-managed and financially stable organization. Its consistent growth in assets, minimal liabilities, and apparent dedication to keeping executive compensation at zero contribute to a positive assessment of its financial health and operational efficiency. The regular public filings further enhance its transparency.