Is Harbor Day Care Center Inc Legit?

Harbor Day Care Center Inc demonstrates consistent financial operations, with revenues generally exceeding expenses in recent years. For the 202408 period, the organization reported revenues of $13,923,247 against expenses of $13,767,609, indicating a slight surplus. This trend of managing expenses close to revenue is observed across multiple periods, suggesting prudent financial management. The organization's assets have shown growth, reaching $6,687,240 in 202408, which is a positive indicator of financial stability, especially when compared to earlier periods like 202008 where assets were $1,696,020. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the consistent reporting of zero officer compensation across all available filings suggests a commitment to minimizing overhead in this area. This practice, if it extends to other administrative costs, would contribute positively to spending efficiency. The organization's liabilities have fluctuated but appear manageable relative to its assets, with a liability-to-asset ratio of approximately 0.71 in 202408 ($4,758,514 liabilities / $6,687,240 assets). Overall, Harbor Day Care Center Inc appears to be a financially stable organization with a history of responsible financial management. The absence of reported officer compensation is a notable positive for transparency and efficiency. Further detailed analysis of their Form 990 would be needed to fully assess program spending efficiency and other operational aspects, but the available data points to a well-managed entity.