Is Georgia Stars Basketball Inc Legit?

Georgia Stars Basketball Inc. demonstrates consistent operational activity with revenues generally in the low to mid-$200,000s, though with some fluctuations, such as a peak revenue of $520,520 in 2017. The organization has maintained a healthy financial position with zero reported liabilities across all available filings, indicating strong fiscal management and no reliance on debt. While the specific breakdown of program, administrative, and fundraising expenses isn't explicitly detailed in the provided summary, the consistent reporting and lack of officer compensation suggest a commitment to directing resources towards its mission. The organization's assets have shown growth over time, from $10,109 in 2015 to $217,298 in 2023, further solidifying its financial stability. Spending efficiency appears reasonable, with expenses often closely tracking revenues, though there have been periods of deficit spending (e.g., $226,442 expenses vs. $203,491 revenue in 2023) and surplus (e.g., $165,409 expenses vs. $189,059 revenue in 2021). The absence of reported officer compensation is a significant positive indicator of efficiency and a focus on mission over executive pay. The consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to transparency, allowing public scrutiny of its financial operations.