Is Pennock Center For Counseling Legit?

Pennock Center For Counseling demonstrates consistent financial growth and prudent management over the past several years. In the latest filing (202312), the organization reported revenue of $394,296 against expenses of $348,151, resulting in a surplus that contributes to asset growth. This trend of revenue exceeding expenses is largely positive, especially when compared to earlier periods like 201912 and 201812 where expenses significantly outpaced revenue, leading to asset depletion. The organization has steadily built its assets from $83,574 in 202012 to $223,187 in 202312, indicating sound financial stewardship and the ability to retain funds for future operations or expansion. The center's spending efficiency appears strong, with no reported officer compensation across all available filings, suggesting that resources are directed towards its mission rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the absence of officer compensation is a positive indicator of efficiency. The organization's liabilities remain very low relative to its assets, further underscoring financial stability and responsible management. The consistent filing of IRS Form 990s over 13 periods also points to a commitment to transparency. Overall, Pennock Center For Counseling appears to be in good financial health, demonstrating a capacity for growth and effective resource management. The consistent surpluses in recent years have strengthened its balance sheet, providing a solid foundation for its counseling services in Brighton, CO. The lack of officer compensation is a notable strength, indicating a high dedication to maximizing program impact.