Is Horsey Family Youth Foundation Inc Legit?

The Horsey Family Youth Foundation Inc. exhibits a concerning trend in its financial health, particularly in its latest reported period (202312) where revenue plummeted to $3,250 while expenses were $24,329, indicating a significant operating deficit. This follows a pattern of declining revenue from a peak of $266,267 in 202112 to $182,398 in 202212. While the organization consistently reports zero officer compensation, which is a positive for transparency regarding executive pay, the overall financial stability appears precarious given the recent revenue collapse and consistent spending exceeding income in multiple years. The organization's assets have also seen a decline from $102,705 in 202012 to $40,056 in 202312, further highlighting financial strain. The spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, as the provided data only gives total expenses. However, the consistent reporting of zero liabilities across all periods suggests a responsible approach to debt management. The lack of officer compensation is a strong indicator of volunteer leadership, which can contribute to lower administrative costs. Despite this, the significant and recurring deficits, especially the drastic one in 202312, raise questions about the sustainability of its operations and its ability to effectively deliver on its mission in the long term.