Is Parma Animal Shelter Inc Legit?

Parma Animal Shelter Inc demonstrates a generally healthy financial position with substantial assets relative to its annual revenue. The organization reported assets of $1,190,199 against its latest revenue of $378,494, indicating a strong reserve. While the 202312 filing shows expenses ($385,885) exceeding revenue ($291,131), this appears to be an anomaly when looking at the broader trend, as the prior year (202212) saw significantly higher revenue ($755,960) compared to expenses ($289,774). The absence of reported liabilities across all filings is a strong indicator of financial stability and responsible management. The organization's spending efficiency is commendable, particularly given the consistent reporting of 0% officer compensation, which suggests that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, thus maximizing funds for programs. The lack of liabilities further reinforces efficient financial operations. However, without a detailed breakdown of program, administrative, and fundraising expenses in the provided data, a precise assessment of spending efficiency across these categories is limited. Transparency appears to be high, with 13 filings available, demonstrating consistent reporting to the IRS. The clear reporting of 0% officer compensation is a positive transparency signal. To further enhance transparency, a more granular breakdown of expenses would be beneficial for donors to understand how funds are allocated across different operational areas.