Is St Pete Pride Inc Legit?

St Pete Pride Inc. demonstrates a fluctuating but generally stable financial position, with recent years showing significant growth in revenue and expenses. In 2023, the organization reported revenues of $1,207,249 against expenses of $1,224,312, indicating a slight operational deficit for the year. This follows a similar trend in 2022 where expenses ($1,299,091) exceeded revenues ($1,056,983). However, the organization maintains a healthy asset base of $241,729 in 2023, with no reported liabilities, which is a strong indicator of financial stability and responsible management of resources. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of volunteer leadership or that compensation falls below reporting thresholds, contributing positively to transparency and efficiency. The organization's spending efficiency appears reasonable, especially given the nature of event-based programming. While specific program, administrative, and fundraising breakdowns are not provided in the summary data, the absence of officer compensation suggests that a significant portion of funds is likely directed towards its mission. The growth in revenue from $225,068 in 2020 to over $1.2 million in 2023 indicates strong community support and successful fundraising efforts. The consistent filing of IRS 990 forms over many years also points to a commitment to transparency.