Is Friends Of Peninsula State Parkincorporated Legit?

Friends Of Peninsula State Parkincorporated demonstrates a generally healthy financial position, with recent filings showing consistent revenue generation and a strong asset base relative to liabilities. In the 202310 period, the organization reported revenue of $244,746 against expenses of $84,673, indicating a significant surplus. This trend of revenue exceeding expenses is also visible in 202110 and 201710, contributing to asset growth. The organization's transparency is bolstered by its consistent filing of IRS Form 990s, and the reported 0% officer compensation across all available periods suggests a volunteer-driven or minimally compensated leadership structure, which is a positive indicator for donor confidence. Spending efficiency appears strong in recent years, particularly in 202310 where expenses were well below revenue. However, there have been periods of high expenses relative to revenue, such as in 202010 ($121,797 revenue vs. $403,772 expenses) and 201910 ($138,416 revenue vs. $844,090 expenses), which could indicate significant project investments or unusual expenditures in those specific years. The organization's assets have grown substantially over time, from $89,097 in 201410 to $422,051 in 202310, demonstrating financial stability and capacity for future programs. The low liabilities across all periods further underscore a conservative financial management approach.