Is Fryeburg Recreation Department Inc Legit?

Fryeburg Recreation Department Inc demonstrates strong financial health and consistent growth in assets over the past decade, reaching $2,475,060 in 2023. The organization consistently operates with a surplus, as evidenced by its 2023 revenue of $381,323 against expenses of $284,011. This indicates effective financial management and a capacity to build reserves. The organization's liabilities have remained very low or zero for most of the past decade, suggesting a healthy balance sheet and minimal debt burden. Spending efficiency appears robust, with expenses consistently well below revenue, allowing for asset accumulation. While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the overall financial picture suggests a lean operation given the significant asset growth relative to expenses. The absence of reported officer compensation further indicates a focus on mission rather than executive salaries. Transparency is generally good, with consistent IRS 990 filings over 13 periods. The clear reporting of revenue, expenses, assets, and liabilities allows for a straightforward assessment of financial trends. The lack of reported officer compensation simplifies the analysis of executive pay, indicating a volunteer-led or minimally compensated leadership structure, which enhances trust and transparency.