Is Senior Needs Committee Of Wells & Ogunquit Legit?

The Senior Needs Committee Of Wells & Ogunquit demonstrates consistent financial stability with growing assets and revenue over the past few years. In 2023, the organization reported revenue of $247,794 against expenses of $195,528, indicating a healthy surplus. Their assets have steadily increased, reaching $957,989 in 2023, up from $891,654 in 2022 and $930,781 in 2020, suggesting effective asset management. The organization's liabilities have also shown a decreasing trend, from $230,165 in 2020 to $206,212 in 2023, further strengthening its financial position. A key aspect of their transparency is the consistent reporting of 0% officer compensation across all available filings, which is a strong indicator of volunteer-driven leadership and efficient use of funds for programmatic purposes. This commitment to minimizing administrative overhead contributes significantly to their overall financial health and public trust.