Is Hillside Cemetery Assn Of Plainfield N J Legit?

Hillside Cemetery Assn Of Plainfield N J demonstrates consistent financial growth and strong asset accumulation over the past decade. In the latest filing (202312), the organization reported revenue of $4,367,157 against expenses of $2,849,579, resulting in a significant surplus. This trend of revenue exceeding expenses is largely consistent across recent years, indicating sound financial management and sustainability. The organization's assets have grown substantially, from $25,374,584 in 2014 to $41,967,025 in 2023, reflecting a healthy balance sheet. The absence of reported officer compensation across all available filings suggests a lean operational structure or that compensation is handled through other means not categorized as 'officer compensation' on the 990, which could be a positive indicator for donor confidence regarding executive pay. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency is challenging. The low liabilities relative to assets also points to financial stability. Overall, the organization appears financially robust with a strong capacity to manage its operations. While the provided data lacks granular detail on spending categories, the consistent surpluses and asset growth are positive indicators. Further transparency regarding the allocation of expenses would enhance the assessment of its spending efficiency and program focus.