Is Refuge Ranch Inc Legit?

Refuge Ranch Inc. demonstrates consistent financial operations, with revenues generally covering expenses over the past decade, though some years show minor deficits. For instance, in 2024, expenses of $467,218 slightly exceeded revenue of $442,560. The organization maintains a substantial asset base, consistently above $3 million, indicating long-term stability and capacity. Liabilities are remarkably low across all reported periods, often less than 1% of assets, which is a strong indicator of financial health and low debt burden. The absence of officer compensation reported across all filings suggests a volunteer-led or very lean administrative structure, which can contribute to higher program spending efficiency. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency is challenging. The consistent asset base and low liabilities point to a well-managed organization from a balance sheet perspective.