Is Starfish Group Legit?

Starfish Group's financial health appears highly volatile, with significant fluctuations in revenue and expenses over its filing history. While the latest reported revenue of $1,150,148 and assets of $812,550 suggest a substantial organization, the individual filing periods show a much smaller operational scale, with 2023 revenue at $122,735 and expenses at $104,600. This discrepancy between the 'latest revenue' provided and the most recent individual filing data makes a clear assessment challenging. The organization consistently reports minimal liabilities, indicating a healthy balance sheet in that regard. Spending efficiency is difficult to ascertain without a detailed breakdown of program, administrative, and fundraising expenses in the provided data. However, the consistent reporting of 0% officer compensation across all filings suggests a lean operational structure at the executive level, which is a positive indicator for donor funds being directed towards the mission rather than high salaries. The organization's ability to maintain positive net assets in most recent periods, albeit small, shows some financial stability. Transparency is generally good given the availability of 10 years of IRS 990 filings. However, the lack of specific expense category breakdowns (program, admin, fundraising) in the provided summary limits a deeper analysis of how funds are allocated. The significant swings in revenue and expenses year-over-year, such as revenue dropping from $343,499 in 2012 to $8 in 2013, then jumping to $948 in 2021 and $122,735 in 2023, warrant further investigation to understand the underlying operational model and funding sources.