Is Our Lady Of Providence Vt Inc Legit?

Our Lady Of Providence Vt Inc demonstrates consistent financial activity, with revenues generally exceeding expenses over the past decade, indicating a stable operational model. For example, in 2022, revenue was $3,122,525 against expenses of $2,809,473. However, the most recent filing (2023) shows expenses ($3,355,340) slightly exceeding revenue ($3,207,684), resulting in a net deficit for that period. The organization's assets have shown a general upward trend, from $813,473 in 2014 to $1,512,162 in 2023, suggesting a growing financial base, although there was a dip in assets from 2022 to 2023. Spending efficiency appears to be strong, as the organization consistently reports 0% officer compensation, indicating that all resources are directed towards programs and operational costs rather than executive salaries. This is a significant positive indicator for donor confidence. The organization's liabilities have remained relatively low compared to its assets, suggesting good financial management and limited reliance on debt. Transparency is high given the consistent filing of IRS Form 990s over 13 periods, providing a clear historical financial record. The absence of officer compensation further simplifies financial scrutiny, as there are no complex executive pay structures to analyze. Overall, while the most recent year showed a slight deficit, the long-term trend points to a financially sound and efficiently managed organization.