Is Kids Harbor A Ministry Of Harrisonburg First Church Of The Legit?

Kids Harbor A Ministry Of Harrisonburg First Church Of The demonstrates consistent financial health with a positive net income in most recent years. For the period ending 202405, the organization reported revenues of $1,087,217 against expenses of $1,027,605, indicating a surplus. Their assets have shown steady growth, increasing from $287,161 in 2015 to $670,231 in 2024, which suggests good financial management and capacity building. Liabilities have fluctuated but remain a manageable portion of assets, with a liability-to-asset ratio of approximately 10.4% in 2024 ($70,084 / $670,231). The organization's spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This indicates that a very high proportion of funds are likely directed towards program services and operational costs rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the absence of officer compensation is a significant positive indicator for efficiency and donor trust. The consistent growth in revenue and assets over the past decade further supports a picture of a well-managed and financially stable nonprofit. In terms of transparency, the organization has a robust filing history with 13 IRS 990 filings, demonstrating consistent compliance. The readily available financial data, including revenue, expenses, assets, liabilities, and officer compensation, contributes to a good level of financial transparency. The lack of reported officer compensation is a strong positive signal regarding how resources are allocated, enhancing trust in the organization's commitment to its mission.