Is Atlantic City Day Nursery Legit?

Atlantic City Day Nursery demonstrates consistent financial growth and strong program focus based on its IRS 990 filings. Over the past five years, revenue has steadily increased from $498,743 in 2020 to $781,249 in 2023, indicating growing support and operational capacity. The organization consistently spends a high percentage of its expenses on program services, with a notable 87% in 2023, reflecting efficient use of funds towards its mission. Furthermore, the organization maintains a healthy financial position with increasing assets, reaching $738,945 in 2023, and consistently reports zero liabilities in recent years, suggesting sound financial management and minimal debt burden. The nursery's financial health appears robust, with expenses generally lower than revenue, leading to positive net assets growth. For instance, in 2023, expenses were $685,874 against revenues of $781,249, resulting in a surplus. This consistent surplus contributes to the organization's increasing asset base, providing a strong foundation for future operations. The absence of officer compensation reported across all filings indicates a volunteer-led or very lean administrative structure at the top, which can be a positive sign for donor confidence regarding fund allocation directly to services. Transparency is high, as evidenced by consistent annual filings and the clear breakdown of expenses. The organization's commitment to its mission is reflected in its spending patterns, with the vast majority of funds directed towards its core programs. The lack of reported liabilities further enhances its financial stability and transparency, as there are no significant outstanding obligations to obscure its financial picture. Overall, Atlantic City Day Nursery appears to be a well-managed and financially healthy nonprofit.