Is Upstate Films Limited Legit?

Upstate Films Limited demonstrates a generally stable financial position with consistent revenue and asset growth over the past few years, particularly notable in the 2021-2023 period. In the latest filing (202306), the organization reported revenues of $1,388,405 against expenses of $1,368,880, indicating a slight surplus. Their assets have also shown significant growth, nearly doubling from $1,130,620 in 2021 to $2,317,264 in 2023, which is a positive indicator of financial health and capacity. However, liabilities have also increased substantially during this period, from $195,241 in 2021 to $1,309,163 in 2023, which warrants closer examination to understand the nature of these obligations. The organization's spending efficiency appears sound, with expenses closely tracking revenues, suggesting responsible management of resources. The consistent reporting of 0% officer compensation across all available filings indicates a strong commitment to directing funds towards the mission rather than executive salaries, which is a significant positive for transparency and donor confidence. While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the overall financial picture suggests a well-managed operation. Transparency is high regarding executive compensation, with no reported officer compensation. The consistent filing of IRS Form 990s over 13 periods further demonstrates a commitment to regulatory compliance and public disclosure. The growth in assets and revenue, coupled with controlled expenses, suggests a financially healthy organization capable of sustaining its operations, though the increase in liabilities should be monitored.