Is Sky Farm Inc Legit?

Sky Farm Inc. demonstrates consistent operational activity with revenues generally exceeding or closely matching expenses over the past decade. For instance, in 202209, revenue was $320,357 against expenses of $298,291, indicating a surplus. However, the most recent filing (202409) shows expenses of $381,307 exceeding revenue of $341,388, resulting in a deficit for that period. The organization's assets have shown growth over time, from $143,125 in 201509 to $214,317 in 202409, suggesting a stable, albeit modest, financial base. Liabilities have remained relatively low, indicating good financial management and limited debt. The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 14 filings available. A significant positive aspect is the reported 0% officer compensation across all available filings, which suggests that executive leadership is either volunteer-based or compensated through non-officer roles, contributing to a higher proportion of funds potentially directed towards programs. This practice enhances public trust and indicates a strong commitment to mission over administrative overhead. While specific program spending ratios are not detailed in the provided data, the absence of officer compensation is a strong indicator of efficient resource allocation. The organization's financial health appears stable, though the recent deficit in 202409 warrants monitoring. Overall, Sky Farm Inc. appears to be a financially responsible organization with a good track record of transparency.