Is Hollis Preschool Legit?

Hollis Preschool demonstrates consistent financial activity, with revenues fluctuating but generally supporting its operations. In the most recent filing (202306), the organization reported revenues of $265,522 against expenses of $292,304, indicating a slight deficit for that period. However, previous years like 202206 showed a surplus with revenues of $323,586 exceeding expenses of $273,601. The organization's assets have grown over time, from $94,490 in 201506 to $339,607 in 202306, suggesting sound financial management and accumulation of resources. Liabilities remain very low, indicating a healthy balance sheet. Spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings, which suggests that leadership is likely volunteer-based or compensated through other means not classified as officer compensation, keeping administrative costs low. The NTEE code B21Z (Preschools, Child Day Care) aligns with the organization's name, indicating a clear program focus. The absence of reported officer compensation is a significant positive indicator for donor confidence, as it implies that a greater proportion of funds can be directed towards program services. Overall, Hollis Preschool appears to be a financially stable and transparent organization. Its consistent filing history, growing asset base, and minimal liabilities, coupled with no reported officer compensation, paint a picture of an organization focused on its mission with prudent financial oversight. While there was a slight deficit in the latest period, the overall trend and strong asset position suggest resilience.