Is Kensico Cemetery Legit?

Kensico Cemetery demonstrates strong financial health, consistently reporting significant net assets and a positive revenue trend over the past decade. In 2023, the organization reported revenues of $39,162,925 against expenses of $15,135,414, resulting in a substantial surplus. Its assets have grown steadily, reaching $313,301,088 in 2023 from $129,062,404 in 2014, indicating robust financial management and asset accumulation. The organization's liabilities remain a small fraction of its assets, suggesting a low financial risk profile. Spending efficiency appears high, with expenses consistently well below revenues, allowing for significant reinvestment and asset growth. The absence of reported officer compensation across all available filings suggests that executive leadership may be compensated through other means or that the organization operates with a volunteer leadership structure, which could be a positive indicator of efficiency, though further detail would be beneficial for full transparency. The consistent growth in assets, from $129 million in 2014 to over $313 million in 2023, highlights effective financial stewardship. Transparency regarding executive compensation is a notable aspect, as 0% officer compensation is reported across all filings. While this could indicate a volunteer board or compensation structured differently, it warrants further investigation for a complete understanding of leadership remuneration. The consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to regulatory compliance and public disclosure of financial activities.