Is Lumberyard Arts Center Inc Legit?

Lumberyard Arts Center Inc demonstrates a consistent commitment to its mission, as evidenced by its program spending. In the most recent filing (202312), the organization reported expenses of $174,814 against revenues of $169,594, indicating a slight operational deficit. However, this is not uncommon for smaller nonprofits and its assets of $362,466 provide a stable financial base. The organization has maintained a healthy asset base over the years, fluctuating but generally remaining above $360,000, suggesting good stewardship of its resources. The organization's spending efficiency appears strong, with a significant portion of its expenses directed towards programs. For instance, in 2023, program service expenses were $131,110 out of total expenses of $174,814, representing approximately 75% of total spending. This indicates a strong focus on delivering its artistic and cultural services. Administrative and fundraising costs are kept relatively low, contributing to overall efficiency. Transparency is excellent, with 0% officer compensation reported across all available filings. This suggests that the organization is primarily volunteer-driven at the executive level, which is a strong indicator of dedication to its mission and efficient use of donor funds. The consistent filing of IRS Form 990s over many years also demonstrates a commitment to public accountability.