Is Shirley J Weismantel Memorialcemetery Fund Legit?

The Shirley J Weismantel Memorialcemetery Fund appears to be a small, endowment-based organization focused on cemetery maintenance, as indicated by its NTEE code Y50. Its financial health shows a consistent pattern of expenses exceeding revenue in most recent years, leading to a gradual decline in assets from $132,667 in 2011 to $107,118 currently. For example, in 2023, expenses were $3,785 against revenue of $3,548, and in 2022, expenses were $3,596 against a mere $196 in revenue. This suggests the organization is drawing down its principal to cover operational costs, which is a concern for long-term sustainability if not intended as a spend-down fund. Spending efficiency is difficult to fully assess without a detailed breakdown of expenses beyond total expenses. However, given the nature of a cemetery fund, most expenses are likely directly related to program services (maintenance). The organization reports 0% officer compensation across all filings, which indicates a volunteer-run or very lean administrative structure. Transparency is good in terms of filing history, with 10 filings available, and the consistent reporting of minimal liabilities ($1) suggests a straightforward financial structure. However, the lack of detailed expense categories in the provided data limits a deeper analysis of specific spending efficiencies. Overall, while the organization is transparent with its filings and has no executive compensation, its financial model of consistently spending more than it earns from operations is a significant point of concern for its long-term viability, despite its current asset base of $107,118. The consistent asset decline over the past decade highlights this trend.