Is Ocean View Cemetery Inc Legit?

Ocean View Cemetery Inc. demonstrates consistent financial stability and a strong commitment to its mission, as evidenced by its IRS 990 filings. The organization has shown steady growth in assets, increasing from $1,326,192 in 2014 to $1,888,846 in 2023, indicating sound financial management and accumulation of resources. Its liabilities have consistently been minimal or zero across all reported periods, suggesting a very healthy balance sheet and no reliance on debt. The organization's spending efficiency appears high, with expenses consistently well below revenue, allowing for asset growth. For example, in 2023, revenue was $205,378 against expenses of $109,617. A significant strength is the reported 0% officer compensation across all filings, which suggests that the organization is run by volunteers or that compensation is covered by other means not reported as officer compensation, contributing to a very high program spending ratio. This practice enhances donor confidence by ensuring funds are directed towards operational needs rather than executive salaries. Overall, Ocean View Cemetery Inc. exhibits excellent financial health, efficient use of funds, and a high degree of transparency regarding its financial operations, particularly concerning executive compensation. The consistent growth in assets and minimal liabilities underscore a well-managed and sustainable operation.