Is Seaside Cemetery Company Legit?

Seaside Cemetery Company demonstrates consistent financial activity, with revenues generally exceeding or closely matching expenses over the past decade. For instance, in 2023, revenue was $844,532 against expenses of $831,560, indicating a slight surplus. The organization's assets have shown a steady increase, growing from $1,078,738 in 2014 to $1,437,292 in 2023, suggesting prudent financial management and asset accumulation. Liabilities have also increased over time, but generally remain at a manageable level relative to assets. The absence of reported officer compensation across all filings indicates a commitment to minimizing administrative overhead, which is a positive sign for spending efficiency. While specific program spending details are not provided in the summary data, the overall financial health appears stable. The organization consistently files its IRS 990s, indicating a commitment to regulatory compliance and transparency. The lack of officer compensation is a significant factor in assessing efficiency, as it suggests resources are not being diverted to high executive salaries. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a complete assessment of spending efficiency is challenging. The consistent revenue generation and asset growth point to a well-managed operation. Overall, Seaside Cemetery Company appears to be a financially stable organization with a good track record of compliance and asset growth. The absence of executive compensation is a notable strength in terms of efficiency. Further transparency regarding the allocation of expenses would enhance the understanding of its operational effectiveness.