Is Oswego Industries Inc Legit?

Quick charity verification for Oswego Industries Inc (EIN: 162197163)

Verdict: Oswego Industries Inc appears trustworthy

70/100Mission Score
$7.1MRevenue
$4.1MAssets
2Red Flags
3Strengths

Red Flags

Strengths

AI Transparency Report

Oswego Industries Inc. demonstrates consistent financial activity, with revenues generally fluctuating around the $7-9 million mark over the past decade. In the latest filing (202312), the organization reported revenues of $6,938,571 against expenses of $7,019,672, indicating a slight deficit for the period. This trend of expenses sometimes exceeding revenue is observed in several past filings, such as 202112 and 201912, suggesting a need for careful financial management to maintain long-term stability. The organization's assets have remained relatively stable, around $3.5-$4.7 million, with liabilities consistently below $2 million, indicating a healthy asset-to-liability ratio. A notable aspect of Oswego Industries Inc.'s financial reporting is the consistent disclosure of 0% officer compensation across all available filings, which is highly unusual for an organization of this size and suggests either a unique compensation structure or a reporting anomaly that warrants further investigation for full transparency. Without a detailed breakdown of functional expenses (program, administrative, fundraising), it's challenging to fully assess spending efficiency, but the consistent operational scale suggests a stable service delivery model.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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