Is Performing Arts Centers Of Key West Inc Legit?

Performing Arts Centers Of Key West Inc demonstrates a generally stable financial position with consistent revenue streams over the past decade, though there have been fluctuations. For instance, revenue peaked at $1,440,430 in 2015 but saw a dip to $342,579 in 2021 before recovering to $959,964 in 2023. The organization consistently spends close to its revenue, as seen in 2023 where expenses were $984,364 against $959,964 in revenue, indicating a tight operational budget. Assets have shown steady growth, reaching $912,407 in 2023, which is a positive indicator of long-term stability. One notable aspect is the consistent reporting of 0% officer compensation across all available filings. This suggests either a volunteer-led executive team or that compensation is reported under different categories, which could impact the perceived transparency regarding leadership costs. The organization's liabilities have generally remained manageable relative to its assets, with the highest recent liability being $154,149 in 2023 against $912,407 in assets. Overall, the organization appears to be fiscally responsible, managing its resources to support its mission.