Is St George Theatre Restoration Inc Legit?

St George Theatre Restoration Inc demonstrates a generally healthy financial position with fluctuating but often positive net revenue. For instance, in 202206, the organization reported revenue of $7,703,839 against expenses of $4,204,024, indicating a substantial surplus. While there have been periods of deficit, such as in 201906 where expenses ($5,017,570) exceeded revenue ($4,783,096), the overall trend shows growth in assets, from $5,082,647 in 201412 to $10,249,569 in 202306. The organization consistently reports 0% officer compensation, which is a strong indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries. This practice suggests a volunteer-led or very lean executive structure, which can be highly efficient. The organization's spending efficiency appears strong, particularly given the consistent reporting of zero officer compensation. This suggests that a significant portion of expenses is likely directed towards program services and operational costs directly related to the theatre's restoration and activities. The growth in assets over the past decade, nearly doubling, further supports a picture of sound financial management and reinvestment into the organization's mission. The relatively low liabilities in recent years, such as $386,580 in 202306 compared to assets of over $10 million, also indicate good financial stability and a low debt burden. Overall, St George Theatre Restoration Inc exhibits good financial health, strong spending efficiency due to its executive compensation structure, and a high degree of transparency regarding its leadership's compensation. The consistent growth in assets and generally positive net income trends, despite some fluctuations, paint a picture of a well-managed nonprofit focused on its mission.