Is Larry Cooke Ministries Inc Legit?

Larry Cooke Ministries Inc demonstrates consistent financial stability with a healthy asset base and no reported liabilities in recent years. The organization's revenue has fluctuated, with a notable dip from $222,156 in 2020 to $182,021 in 2021, but expenses have generally remained below revenue, allowing for asset growth. For instance, assets grew from $243,811 in 2020 to $302,703 in 2021. The consistent reporting of 0% officer compensation across all available filings indicates a strong commitment to directing funds towards the mission rather than executive salaries, which is a positive sign for donor confidence. While specific program spending details are not provided in the summary data, the overall financial health appears sound. The organization's ability to maintain a positive net asset position and grow its assets over time, from $67,922 in 2013 to $302,703 in 2021, suggests prudent financial management. The absence of liabilities in recent filings further strengthens its financial standing. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a complete assessment of spending efficiency is challenging. Transparency is good regarding executive compensation, with a clear record of no officer compensation. The consistent filing of IRS Form 990s over 12 periods also indicates a commitment to regulatory compliance and public disclosure. To further enhance transparency, providing a more granular breakdown of expenses would allow stakeholders to better understand how funds are allocated across different activities.