Is Plaquemines Heritage & Seafood Festival Inc Legit?

Plaquemines Heritage & Seafood Festival Inc. demonstrates a generally stable financial position, with recent years showing positive net income. For example, in 2023, the organization reported revenue of $52,478 against expenses of $42,265, indicating a surplus. Similarly, in 2022, revenue was $26,949 with expenses of $20,549. The organization's assets have grown steadily, reaching $45,715 in 2023, with no reported liabilities, which is a strong indicator of financial health and responsible management. The consistent reporting of zero officer compensation across all available filings suggests a volunteer-driven leadership, enhancing trust and ensuring more funds are directed towards the mission. Spending efficiency appears high, particularly given the lack of executive compensation. While detailed breakdowns of program, administrative, and fundraising expenses are not explicitly provided in the summary data, the overall low expense figures relative to revenue in recent years suggest a lean operational model. The organization's consistent filing of IRS Form 990s over 13 periods indicates a commitment to transparency, allowing public scrutiny of its financial activities. The absence of liabilities further reinforces a picture of sound financial stewardship. Overall, the organization appears to be a well-managed, community-focused entity with a strong commitment to its mission, supported by prudent financial practices and a high degree of transparency through its consistent public filings and volunteer leadership. The growth in assets and positive net income in recent years suggest a sustainable operational model.