Is Addiction Center Of Broome County Legit?

Addiction Center Of Broome County demonstrates strong financial health and growth, with revenue consistently exceeding expenses in recent years. For example, in 2023, revenue was $10,424,861 against expenses of $9,272,098, resulting in a surplus. This trend of positive net income contributes to a healthy increase in assets, which grew from $2,605,525 in 2021 to $6,756,133 in 2023. The organization's liabilities have also increased, but at a slower rate than assets, indicating responsible financial management. The organization's spending efficiency appears robust, particularly given the consistent surpluses and asset growth. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the overall financial picture suggests that the majority of funds are effectively utilized to support its mission. The absence of reported officer compensation is a notable aspect of its transparency, indicating that top leadership is not drawing salaries from the organization, which can be a positive sign for donor confidence. Overall, Addiction Center Of Broome County exhibits a strong financial trajectory, marked by significant revenue growth and prudent management of assets and liabilities. The lack of reported officer compensation further enhances its transparency profile, suggesting a commitment to directing resources towards its programs. Further analysis of detailed expense categories would provide a more granular understanding of spending efficiency.