Is Friends Of Ir David Inc Legit?

Friends Of Ir David Inc demonstrates significant financial growth and a strong program focus, particularly in its most recent filing. In 2023, the organization reported revenue of $24,187,388 against expenses of $13,856,916, indicating a substantial surplus that contributed to an increase in assets to $14,519,715. This positive trend follows a period of fluctuating revenues and expenses, with some years showing expenses exceeding revenue, such as in 2019 ($30,153,809 expenses vs. $29,978,219 revenue) and 2018 ($21,279,833 expenses vs. $19,563,196 revenue). The consistent reporting of 0% officer compensation across all available filings suggests a commitment to directing funds towards its mission rather than executive salaries, which is a positive indicator of financial stewardship. The organization's assets have also shown considerable growth, from $1,931,131 in 2021 to $14,519,715 in 2023, reflecting effective asset management and accumulation. The organization's spending efficiency appears to be strong, with a significant portion of its expenses likely dedicated to program services, given the absence of reported officer compensation and the overall financial health. While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the consistent growth in assets alongside substantial revenue streams suggests effective deployment of resources. The organization's transparency is bolstered by its consistent filing of IRS Form 990s, providing a clear historical record of its financial activities. The lack of reported officer compensation further enhances its transparency profile, indicating that executive remuneration is not a significant financial drain or a point of concern for stakeholders.