Is Poulsbo Piranhas Swim Team Booster Club Legit?

The Poulsbo Piranhas Swim Team Booster Club demonstrates consistent financial activity, with revenues fluctuating between approximately $80,000 and $230,000 over the past decade. The organization has generally operated with expenses closely matching or slightly exceeding revenue in recent years, as seen in 202308 where expenses were $137,028 against revenues of $128,244. This trend suggests a focus on spending funds as they are raised to support their programs, rather than accumulating significant reserves. Their asset base is relatively modest, peaking around $79,925 in 201908 and currently standing at $21,196. The absence of reported officer compensation across all filings indicates a volunteer-driven leadership, which is a positive sign for efficiency and dedication to the mission. The organization's liabilities have consistently been low or zero, indicating sound financial management and a lack of significant debt. Overall, the Booster Club appears to be a transparent and fiscally responsible organization, effectively utilizing its funds to support its swim team. While there isn't a detailed breakdown of program vs. administrative spending available in the provided data, the lack of officer compensation and modest asset base suggest that a significant portion of funds likely goes directly to program activities. Their consistent filing history also points to good governance and transparency.