Is Pine Grove Cemetery Association Legit?

The Pine Grove Cemetery Association demonstrates consistent financial stability, with assets growing significantly from $460,363 in 2019 to $1,256,614 currently. This substantial asset base, coupled with zero liabilities across all reported periods, indicates a very strong balance sheet and sound financial management. The organization's revenue has fluctuated, peaking at $157,899 in 2019 and most recently reported at $93,018, but expenses have remained relatively stable and low, suggesting efficient operations for its mission. The association's spending efficiency appears high, as evidenced by the low expenses relative to revenue and asset growth. With no officer compensation reported in any of the filings, it suggests a volunteer-driven leadership structure, which further contributes to keeping administrative costs down. This structure likely allows a greater proportion of funds to be directed towards the direct maintenance and operation of the cemetery, aligning well with its NTEE code Y50 (Cemeteries & Burial Services). Transparency is excellent, particularly given the consistent reporting of zero liabilities and no officer compensation, which simplifies financial analysis and indicates a straightforward operational model. The consistent filing of IRS Form 990s provides a clear historical record of its financial activities, reinforcing its commitment to public accountability. The significant increase in assets, without corresponding liabilities or high expenses, points to effective stewardship of its resources for its long-term purpose.