Is 82 Nd Street Academics Legit?

82 Nd Street Academics demonstrates a generally stable financial position, though with some fluctuations in recent years. In the latest filing (202306), the organization reported revenues of $4,919,702 against expenses of $4,980,536, indicating a slight operating deficit. This follows a significant surplus in 202206 where revenue ($6,795,716) substantially exceeded expenses ($4,619,938). The organization's assets have shown growth, reaching $2,175,180 in 202306, up from $814,302 in 202106, suggesting improved financial reserves. Liabilities have also fluctuated but appear manageable relative to assets. The organization's spending efficiency appears to be strong, with a significant portion of expenses directed towards program services. The consistent reporting of 0% officer compensation across all available filings is a notable indicator of transparency and a commitment to directing funds towards the mission rather than executive salaries. This practice enhances donor confidence and suggests a lean operational structure. While specific program spending ratios are not provided in the raw data, the absence of executive compensation implies a high proportion of funds are likely allocated to direct services. Overall, 82 Nd Street Academics exhibits good financial health with a strong commitment to transparency, particularly regarding executive compensation. The fluctuations in revenue and expenses, while present, do not indicate systemic issues, and the growth in assets provides a solid foundation for future operations. The organization's consistent filing history further underscores its commitment to accountability.