Is Houlton Humane Society Legit?

The Houlton Humane Society demonstrates a generally healthy financial position, with consistent revenue growth over the past several years, culminating in $258,858 in revenue for the 2023 fiscal period. The organization has also shown a strong ability to manage expenses, with expenses consistently lower than revenue in recent years, leading to an increase in net assets. For example, in 2023, expenses were $224,175 against $258,858 in revenue, indicating a surplus. The organization's assets have steadily grown from $324,902 in 2019 to $485,378 in 2023, suggesting good financial stewardship and accumulation of resources. Spending efficiency appears to be strong, as evidenced by the consistent surpluses. While a detailed functional expense breakdown is not provided in the summary data, the overall financial health suggests that the organization is effectively utilizing its resources. The absence of reported officer compensation across all filings indicates a commitment to directing funds towards the mission rather than executive salaries, which is a positive sign for transparency and donor confidence. The organization's liabilities have remained very low in recent years, further reinforcing its stable financial footing. Overall, the Houlton Humane Society appears to be a well-managed and financially sound organization. Its consistent growth in revenue and assets, coupled with low liabilities and no reported officer compensation, points to a transparent and efficient operation focused on its mission.