Is Information Security Summit Inc Legit?

Information Security Summit Inc. demonstrates generally sound financial health, though recent years show some fluctuations. In 2023, the organization reported expenses exceeding revenue by $45,087 ($514,859 expenses vs. $469,772 revenue), leading to a decrease in assets from $235,308 in 2022 to $190,221. This follows a strong surplus in 2022 where revenue significantly outpaced expenses ($423,977 vs. $357,133). The organization consistently reports zero liabilities across all available filings, indicating a healthy balance sheet free from debt. Their NTEE code S21 (Information & Referral Services) suggests a focus on providing information, which aligns with their mission. The consistent reporting of 0% officer compensation across all filings is a strong indicator of financial transparency and a commitment to directing funds towards the mission rather than executive salaries. Spending efficiency appears to be robust, particularly given the absence of officer compensation. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial picture suggests that the organization is managing its resources effectively, with most years showing a positive or near-balanced financial position. The significant revenue and expense figures, reaching over $500,000 in some years, indicate a substantial operational scale for a nonprofit of its type. The organization's consistent filing of IRS Form 990s over 13 periods further underscores a commitment to transparency and regulatory compliance. Overall, Information Security Summit Inc. appears to be a well-managed organization with a strong commitment to financial transparency, evidenced by its consistent filings, zero liabilities, and lack of executive compensation. While the 2023 deficit warrants observation, the historical trend suggests a capacity for financial recovery and sustainable operations.