Is American Council Of Engineering Companies Of New York Inc Legit?

The American Council Of Engineering Companies Of New York Inc demonstrates a generally stable financial position with consistent revenue growth over the past several years. In the 202306 period, the organization reported revenues of $3,249,091 against expenses of $3,057,607, indicating a surplus. Assets have also shown a healthy upward trend, growing from $1,124,072 in 201406 to $3,005,914 in 202306, suggesting good financial management and accumulation of reserves. The organization's liabilities have fluctuated, with a notable increase to $931,658 in 202306, which warrants closer examination to understand its nature. Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, a precise assessment is challenging. However, the consistent surpluses in recent years (e.g., $191,484 in 202306, $315,692 in 202206) suggest that expenses are generally kept below revenue. The absence of reported officer compensation across all provided filings indicates either a volunteer-led executive structure or that compensation is reported under other expense categories, which could impact transparency if not clearly disclosed elsewhere. Overall, the organization appears to be financially sound with a positive growth trajectory in both revenue and assets. The lack of reported officer compensation is a significant point for transparency, as it's unusual for an organization of this size and revenue to report zero compensation for officers, which could either be a strength (volunteer leadership) or a red flag (lack of detailed disclosure). Further analysis of the full 990 forms would be needed to fully assess spending efficiency and the nature of liabilities.