Is American Friends Of Ateret Cohanem Inc Legit?

American Friends Of Ateret Cohanem Inc demonstrates a generally stable financial position with fluctuating but often positive net assets over the past decade. The organization's revenue has shown significant growth, reaching $1,824,798 in its latest reported period, up from $613,475 in 2014. While expenses have also increased, the organization has frequently operated with a surplus, as seen in 202204 where revenue of $1,349,188 exceeded expenses of $1,165,323. However, there are periods of deficit, such as 202304 where expenses of $1,401,830 slightly surpassed revenue of $1,359,404. The organization's financial health appears sound, with assets growing from $25,125 in 2015 to $826,440 currently, and liabilities consistently low or zero in recent years, indicating good financial management and minimal debt. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of volunteer leadership or that compensation is not reported in this specific field, which could be a positive indicator of efficiency or an area for further inquiry regarding how leadership is compensated if at all. The NTEE code Q113 suggests a focus on Jewish federated giving programs, which aligns with its name. Transparency is generally good given the consistent filing of IRS Form 990s over 12 periods. The absence of reported officer compensation is a notable point for transparency, as it either indicates a highly volunteer-driven leadership or a reporting method that doesn't capture executive pay in the 'Officer Comp' field, which could warrant further investigation for a complete picture of compensation practices.