Is Friends Of The Homeless Of Tuscarawas County Inc Legit?

Friends Of The Homeless Of Tuscarawas County Inc demonstrates a strong commitment to its mission, as evidenced by its consistent program spending. In the 2023 fiscal year, the organization reported expenses of $534,899 against revenues of $668,347, indicating a healthy operating surplus. Over the past five years, the organization has shown significant growth in both revenue and assets, with revenue increasing from $369,277 in 2019 to $668,347 in 2023, and assets growing from $81,112 to $648,133 in the same period. This growth suggests increasing capacity to serve its beneficiaries. The organization's financial health appears robust, with assets significantly exceeding liabilities ($648,133 in assets vs. $1,531 in liabilities in 2023), indicating strong financial stability. The consistent reporting of 0% officer compensation across all available filings is a notable indicator of financial transparency and a focus on directing resources towards programmatic activities rather than executive salaries. This practice aligns well with best practices for non-profit efficiency and donor trust. Overall, Friends Of The Homeless Of Tuscarawas County Inc appears to be a well-managed and financially sound organization, effectively growing its resources to address homelessness in its community. Its transparent financial practices, particularly regarding executive compensation, contribute positively to its overall assessment.