Is Friends Of The Presumpscot River Legit?

Friends Of The Presumpscot River demonstrates a fluctuating financial picture over the past several years. In 2023, the organization reported expenses of $59,006 against revenue of $23,732, indicating a deficit for the year. This contrasts sharply with 2022, where revenue of $72,192 significantly outpaced expenses of $5,061, leading to substantial asset growth. The organization's assets have generally grown, reaching $101,213 in 2023, with no reported liabilities, which is a positive indicator of financial stability. The spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the absence of officer compensation across all reported periods suggests a lean operational structure, potentially relying heavily on volunteer efforts. The significant year-over-year swings in both revenue and expenses warrant closer examination to understand the underlying operational dynamics and funding sources. In terms of transparency, the consistent filing of IRS Form 990s for nine periods is a strong positive. The lack of officer compensation also contributes to a perception of good governance. However, without more granular expense data, it's challenging to fully evaluate how efficiently donor funds are being allocated to their stated mission.