Is Perpetual Care Tr Fund Administered By The Kensico Cemetery As Ttee Legit?

Perpetual Care Tr Fund Administered By The Kensico Cemetery As Ttee appears to be a financially stable organization, primarily focused on managing its assets. With latest reported assets of $72,895,722 and revenues consistently exceeding expenses in recent years, the fund demonstrates robust financial health. For instance, in 2023, revenue was $5,150,264 against expenses of $1,335,404, indicating a significant surplus. The organization's primary function seems to be asset management for perpetual care, which inherently involves lower program spending ratios compared to direct service charities. The spending efficiency, while not explicitly detailed in terms of program vs. administrative costs from the provided data, can be inferred as efficient given the nature of a perpetual care trust. The absence of reported officer compensation across all filings suggests a lean operational structure or that compensation is handled through the administering entity, Kensico Cemetery, rather than directly by the trust itself. This structure, while potentially efficient, could also limit direct transparency into the full operational costs if significant administrative functions are absorbed by the trustee without clear disclosure within the trust's 990. Transparency is generally good with consistent 990 filings. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a complete assessment of spending efficiency is challenging. The lack of officer compensation reported directly on the 990s is a positive indicator for the trust itself, but it would be beneficial to understand the full compensation structure of individuals managing the fund through the Kensico Cemetery. The significant fluctuations in revenue, such as $6.6 million in 2021 compared to $1.9 million in 2022, likely reflect investment performance rather than operational changes.