Is Gladstone Boosters Legit?

Gladstone Boosters demonstrates a consistent commitment to its mission, as evidenced by its financial operations. In the latest reported period (202312), the organization generated $25,571 in revenue against $20,779 in expenses, indicating a surplus that contributes to its asset base. Over the past few years, the organization has shown growth in revenue, increasing from $5,589 in 202112 to $25,571 in 202312, suggesting increasing community support or fundraising effectiveness. Its asset base has also grown from $19,779 in 202112 to $30,454 in 202312, providing a stable financial foundation. The organization's liabilities remain very low, at $1,203 in 202312, which is a positive indicator of financial health and responsible management. The organization's spending efficiency appears sound, with expenses generally aligning with or being less than revenue in recent periods. For instance, in 202312, expenses were approximately 81% of revenue. A key strength is the reported 0% officer compensation across all available filings, which suggests that leadership is either volunteer-based or compensated through other means not classified as officer compensation, potentially maximizing funds available for programs. This practice significantly enhances the organization's spending efficiency and transparency regarding how donor funds are utilized. The consistent filing of IRS Form 990s over 13 periods also demonstrates a commitment to regulatory compliance and transparency.