Is Our Lady Of The Rosary School Inc Legit?

Our Lady Of The Rosary School Inc. demonstrates consistent financial activity, operating with modest revenues and expenses over the past decade. In the most recent filing (202312), the organization reported revenues of $42,206 against expenses of $46,175, indicating a slight deficit for the period. This trend of expenses occasionally exceeding revenue is not uncommon for smaller nonprofits, but it suggests a need for careful financial management to maintain long-term sustainability. The organization consistently reports zero liabilities and no officer compensation, which are positive indicators of financial stability and a volunteer-driven leadership model. The organization's assets have fluctuated but remained within a relatively stable range, from a high of $89,117 in 201812 to $69,624 in 202312. The absence of officer compensation across all reported periods is a significant strength, indicating that resources are likely directed entirely towards the organization's mission rather than executive salaries. While specific program spending ratios are not detailed in the provided summary, the overall financial picture suggests a lean operation focused on its educational purpose. Transparency is high given the consistent filing of IRS Form 990s and the clear reporting of key financial metrics. The lack of liabilities and officer compensation simplifies financial analysis and provides a clear view of the organization's resource allocation. For a small educational institution, this level of transparency and financial prudence is commendable, though further detail on program vs. administrative spending would enhance a deeper understanding of efficiency.