Is Strand Theatre And Cultural Artsassociation Inc Legit?

Strand Theatre And Cultural Artsassociation Inc demonstrates a generally stable financial position, with assets consistently exceeding liabilities over the past decade. While revenue and expenses have fluctuated, the organization has maintained a positive net asset balance. For instance, in 2023, assets were $1,182,568 against liabilities of $205,640. The organization's spending efficiency appears reasonable, with no reported officer compensation, suggesting resources are directed towards operations rather than executive salaries. However, a detailed breakdown of program, administrative, and fundraising expenses is needed for a complete assessment of spending efficiency. The consistent filing of IRS Form 990s over 13 periods indicates a commitment to transparency, providing public access to their financial data.