Is Grand Royal Arch Masons Of Maine Legit?

The Grand Royal Arch Masons Of Maine demonstrates a consistent financial structure with zero reported liabilities across all available filings, indicating strong financial stability. However, the organization experienced a significant deficit in its latest filing (Period 202404), with expenses of $1,638,032 far exceeding revenue of $727,337. This substantial one-year deficit, which is an outlier compared to previous years' relatively balanced or smaller deficits/surpluses, warrants further investigation into its cause and sustainability. The organization consistently reports 0% officer compensation, which is a positive indicator of volunteer leadership and efficient use of funds for administrative costs. While the organization's assets have grown over time, reaching $2,628,858 in the latest period, the recent large deficit could impact future asset growth if it becomes a trend. The lack of reported officer compensation suggests a lean administrative structure. To fully assess spending efficiency, a detailed breakdown of program, administrative, and fundraising expenses would be necessary, as the provided data only shows total revenue and expenses. The consistent reporting of zero liabilities is a significant strength, reflecting sound financial management in terms of debt. Overall, the Grand Royal Arch Masons Of Maine appears to be transparent regarding its financial position, particularly with its consistent reporting of no liabilities and zero officer compensation. The primary concern is the substantial deficit in the most recent fiscal period, which represents a significant departure from its historical financial patterns and could impact its long-term financial health if not addressed.