Is Locust Valley Cemetery Association Inc Legit?

The Locust Valley Cemetery Association Inc demonstrates strong financial health and consistent growth in assets over the past decade, reaching $27,508,380 in the latest filing period (202403). The organization consistently generates more revenue than expenses, with a significant surplus in recent years; for example, in 202403, revenue was $3,194,075 against expenses of $2,178,227. This indicates sound financial management and the ability to build reserves. The organization's liabilities are consistently low relative to its assets, suggesting a stable financial position. Given its nature as a cemetery association, the primary 'program' is the maintenance and operation of the cemetery. Without a detailed breakdown of expenses beyond total expenses, it's challenging to precisely assess spending efficiency in terms of program delivery versus administrative or fundraising costs. However, the consistent surplus and asset growth suggest that the organization is effectively managing its resources to fulfill its mission. Transparency appears to be good, with regular IRS 990 filings available. The consistent reporting of 0% officer compensation is a notable positive indicator regarding executive pay practices. Further transparency could be enhanced with more detailed public reporting on how expenses are categorized beyond the summary figures.