Is Mt Pleasant Cemetery Assoc Legit?

Mt Pleasant Cemetery Assoc demonstrates consistent financial stability and strong asset growth over the past decade. With assets growing from $712,090 in 2015 to $3,986,479 in 2024, the organization has significantly increased its financial reserves. Revenue has fluctuated but generally remained robust, consistently exceeding expenses, which indicates sound financial management and the ability to build reserves. For instance, in 2024, revenue was $154,672 against expenses of $77,141, resulting in a substantial surplus. The organization's spending efficiency appears high, as expenses are consistently well below revenue, allowing for asset accumulation. The absence of reported officer compensation across all filings suggests that administrative costs related to executive salaries are non-existent, which is a significant positive for spending efficiency. However, without a detailed breakdown of program versus administrative expenses, it's challenging to fully assess the allocation of funds beyond the overall low expense ratio. The organization's consistent filing of IRS Form 990s indicates a commitment to transparency regarding its financial operations. Overall, Mt Pleasant Cemetery Assoc appears to be a financially healthy and well-managed organization, effectively growing its assets and operating with a lean expense structure. The lack of officer compensation is a notable strength, contributing to its financial efficiency and suggesting a volunteer-driven leadership model.