Is Boys & Girls Club Of Oyster Bay East Norwich Legit?

The Boys & Girls Club Of Oyster Bay East Norwich demonstrates strong financial health and a commitment to its mission, as evidenced by its consistent growth in assets and revenue. In the latest filing period (202312), the organization reported revenue of $2,614,001 against expenses of $1,507,610, indicating a significant surplus that contributes to its robust asset base of $9,004,320. This trend of revenue exceeding expenses has been consistent in recent years, allowing for substantial asset accumulation. The organization's liabilities remain very low, suggesting sound financial management and minimal debt burden. The organization's spending efficiency appears strong, particularly given the absence of reported officer compensation across all available filings, which is a notable indicator of resource allocation towards programmatic activities rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses is not provided in the summary data, the overall financial picture suggests a well-managed entity. The consistent growth in assets from $6,192,777 in 2018 to $9,004,320 in 2023 further underscores its financial stability and capacity to sustain its operations. Regarding transparency, the consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to public disclosure. The lack of reported officer compensation is a significant positive for transparency and efficiency. However, without a detailed functional expense breakdown, it's challenging to precisely assess the exact percentage of spending directly on programs versus administrative or fundraising costs. Nonetheless, the overall financial health and growth are positive indicators.