Is Arc Of Hudson County Legit?

The Arc Of Hudson County demonstrates a generally stable financial position with consistent revenue streams and a healthy asset base. In the latest filing (202312), the organization reported revenues of $714,860 against expenses of $635,699, indicating a surplus that contributes to its growing assets, which stood at $781,815. Over the past five years, assets have shown significant growth from $350,778 in 2019 to $781,815 in 2023, suggesting effective financial management and accumulation of resources. Liabilities have remained relatively low, at $34,343 in 2023, further indicating financial stability. The organization's spending efficiency appears strong, as evidenced by its consistent ability to operate within its means and generate surpluses in most recent years. For instance, in 202212, revenues of $770,160 significantly exceeded expenses of $498,470. The absence of reported officer compensation across all available filings suggests a lean administrative structure, potentially allowing a greater proportion of funds to be directed towards program services. This is a positive indicator for spending efficiency. Transparency is high given the consistent filing of IRS Form 990s over many years, providing a clear historical financial record. The lack of reported officer compensation also enhances transparency by showing that top leadership is not drawing salaries from the organization, which can be a strong signal of dedication to the mission. Overall, The Arc Of Hudson County appears to be a financially sound and efficiently managed nonprofit.