Is Schweinfurth Memorial Art Legit?

Schweinfurth Memorial Art demonstrates consistent financial health with a positive net income in most recent years. In 2023, the organization reported revenues of $915,028 against expenses of $780,995, indicating a surplus. This trend of revenue exceeding expenses is also visible in 2022 ($730,724 revenue vs. $705,898 expenses) and significantly in 2021 ($1,472,128 revenue vs. $485,731 expenses). The organization's assets have shown steady growth, increasing from $2,363,498 in 2011 to $3,610,957 in 2023, while liabilities remain relatively low, suggesting good financial management and stability. The organization's spending efficiency appears strong, particularly given the consistent surpluses and asset growth. Without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to provide precise percentages. However, the consistent positive net income and growth in assets suggest that a significant portion of funds is being directed towards its mission or reinvested. The absence of reported officer compensation across all filings indicates a high level of transparency and a commitment to directing resources towards the organization's mission rather than executive salaries. Overall, Schweinfurth Memorial Art appears to be a financially sound and transparent organization. Its consistent growth in assets, positive financial performance, and zero reported officer compensation across all available filings are strong indicators of responsible stewardship of donor funds. The organization's financial trajectory suggests a well-managed entity capable of sustaining its operations and mission.