Is Oquossoc Angling Assoc Legit?

Oquossoc Angling Assoc demonstrates consistent financial stability and a strong commitment to its mission, as evidenced by its IRS 990 filings. The organization consistently operates with a surplus, with revenues generally exceeding expenses. For example, in 2023, revenue was $307,784 against expenses of $263,174, indicating sound financial management. Its asset base has also shown steady growth, increasing from $1,134,046 in 2014 to $1,420,520 in 2023, suggesting prudent accumulation of resources. The organization's spending efficiency appears high, particularly given that officer compensation has consistently been reported as 0% across all available filings. This indicates that the organization is likely volunteer-led or has very low administrative overhead, allowing a greater proportion of funds to be directed towards its programs. The low liabilities, such as $9,204 in 2023, further underscore a healthy financial position and responsible fiscal practices. While specific program spending details are not provided in the summary data, the absence of officer compensation is a strong indicator of efficient resource allocation. In terms of transparency, the consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to public accountability. The lack of reported officer compensation is a significant positive for transparency and efficiency. To further enhance transparency, a detailed breakdown of program expenses would be beneficial, but based on the available data, the organization appears to be a financially sound and responsibly managed entity.