Is Historical Society Of Wells And Ogunquit Inc Legit?

The Historical Society Of Wells And Ogunquit Inc demonstrates consistent financial health with a positive trend in revenue and assets over the past several years. In the 202312 period, the organization reported revenue of $150,928 against expenses of $98,157, indicating a healthy surplus. Its assets have grown significantly, from $197,734 in 202006 to $363,745 in 202312, showcasing effective asset management and financial stability. The organization's liabilities remain very low, consistently under $7,000 across all reported periods, which is a strong indicator of fiscal prudence. The organization appears to be highly efficient in its spending, as evidenced by its consistent surpluses and asset growth. The absence of reported officer compensation across all filings suggests that leadership is likely volunteer-based, which significantly reduces administrative overhead and maximizes funds available for programs. This commitment to minimizing administrative costs contributes positively to its overall spending efficiency. Transparency is strong, with 14 filings available, indicating regular and timely reporting to the IRS. The consistent reporting of 0% officer compensation across all periods is a clear sign of transparency regarding executive pay practices. The organization's financial data suggests a strong focus on its mission, with resources seemingly directed towards its historical preservation and educational activities, given the lack of significant administrative or fundraising expenditures.