Is Friends Of Old Maui High School Legit?

Friends Of Old Maui High School demonstrates consistent financial activity, with revenues and expenses generally in the range of $50,000 to $100,000 annually over the past decade. The organization has maintained a healthy asset base, currently at $129,867, with no reported liabilities in the most recent filings, indicating strong financial stability. While the organization experienced deficits in 2023 and 2022, with expenses exceeding revenue by $13,746 and $33,245 respectively, it has historically managed its finances well, as evidenced by a surplus in 2021. The consistent reporting of 0% officer compensation across all filings suggests a volunteer-driven leadership, which is a positive indicator for donor confidence and efficient use of funds. The organization's financial health appears stable, supported by its asset reserves. The absence of liabilities in recent years is a significant strength. However, the recent trend of expenses exceeding revenue warrants monitoring to ensure long-term sustainability. The consistent filing of IRS 990 forms over 13 periods, coupled with the detailed financial data provided, indicates a commitment to transparency. The lack of officer compensation further enhances its transparency and efficiency profile, as more funds are likely directed towards its mission.