Is Great Falls Basketball Inc Legit?

Great Falls Basketball Inc. demonstrates consistent financial growth and appears to be in a healthy financial position. Over the past five years, revenue has steadily increased from $216,326 in 2020 to $364,630 in 2023, indicating strong community support and program demand. The organization consistently operates with a surplus, as seen in 2023 where revenue of $364,630 exceeded expenses of $338,291, contributing to a healthy growth in assets from $193,372 in 2020 to $363,752 in 2023. The organization's spending efficiency is commendable, particularly given its mission. With no reported officer compensation across all available filings, it suggests a high proportion of funds are directed towards program delivery rather than administrative overhead or executive salaries. This commitment to minimizing administrative costs is a strong indicator of efficiency. The organization's liabilities have remained low, with zero reported for most years, only reaching $13,401 in 2023, which is a small fraction of its assets, indicating sound financial management and low financial risk. Transparency is high, as evidenced by the consistent filing of IRS Form 990s over 13 periods and the clear reporting of financial data. The absence of officer compensation further enhances its transparency and demonstrates a volunteer-driven or very lean operational model. Overall, Great Falls Basketball Inc. exhibits strong financial health, efficient spending practices, and a high degree of transparency, making it a well-managed nonprofit.