Is Va Competition Hare Scramble Services Inc Legit?

Va Competition Hare Scramble Services Inc demonstrates consistent financial activity, with revenues fluctuating but generally showing growth over the past decade, culminating in $198,088 in 2023. The organization maintains a lean operational structure, as evidenced by its minimal assets ($52,677 in 2023) and zero liabilities across all reported periods, indicating sound financial management and a lack of debt. Spending efficiency appears high, with expenses closely tracking revenues, suggesting that most incoming funds are directly applied to its activities. For example, in 2023, expenses were $193,479 against revenues of $198,088. The organization's transparency is strong, particularly given its consistent filing history and the clear absence of officer compensation, which simplifies financial analysis and reduces potential conflicts of interest. The NTEE code N50 (Recreational & Sporting Clubs) aligns with its name, suggesting a clear mission focus. The lack of significant asset accumulation or large surpluses indicates that the organization operates primarily to cover its program costs rather than building substantial reserves. This operational model, combined with no reported liabilities, points to a financially stable and accountable entity.