Is Nassau Cemetery Association Legit?

The Nassau Cemetery Association demonstrates strong financial health and consistent growth in assets over the past decade. In the latest filing (202403), the organization reported revenue of $4,345,069 against expenses of $2,166,025, indicating a significant surplus. This trend of revenue exceeding expenses is consistent across most recent filings, contributing to a substantial increase in assets from $13,168,819 in 201503 to $26,569,453 in 202403. The organization's liabilities remain relatively low compared to its assets, suggesting good financial management and stability. Spending efficiency appears high, as evidenced by the consistent surpluses. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the overall financial picture suggests that the organization is effectively managing its resources. The absence of reported officer compensation across all filings indicates a commitment to minimizing overhead in this area, which is a positive sign for donors. Transparency is generally good given the consistent filing of IRS Form 990s. The consistent reporting of zero officer compensation is a key indicator of transparency regarding executive pay. However, without a more granular breakdown of expenses (e.g., specific program costs vs. administrative overhead), a complete assessment of spending efficiency across different categories is challenging. Overall, the financial data points to a well-managed and financially sound organization.