Is Hallowell Centennial Burial Ground Assn Inc Legit?

Hallowell Centennial Burial Ground Assn Inc demonstrates strong financial health and efficient spending, primarily due to its minimal operational expenses relative to its revenue and growing asset base. In the latest filing period (202406), the organization reported revenue of $133,258 against expenses of $38,556, indicating a significant surplus that contributes to its substantial asset growth. Over the past decade, assets have consistently increased from $481,405 in 201506 to $1,036,636 in 202406, more than doubling. This consistent growth, coupled with zero reported liabilities across all filings, suggests excellent financial stewardship and stability. The organization's spending efficiency is exceptional, with expenses consistently representing a small fraction of its revenue. For instance, in 202406, expenses were only about 29% of revenue, and in 202306, they were even lower at approximately 16%. The absence of officer compensation further underscores its commitment to directing resources towards its mission. While specific program spending details are not explicitly broken down in the provided summary, the low overall expense ratio strongly implies that the majority of spending is directly related to its operational purpose, likely maintenance and preservation of the burial ground. The consistent filing of IRS 990 forms over 13 periods indicates a commitment to transparency.