Is Cares Of Ny Inc Legit?

Cares Of Ny Inc demonstrates strong financial health and growth, with revenue increasing from $2,187,991 in 2014 to $14,973,146 in 2023. The organization consistently maintains a healthy asset base, reaching $8,227,771 in 2023, significantly exceeding its liabilities of $1,551,843. This indicates good financial stability and capacity. The organization appears to be highly efficient in its spending, with expenses closely tracking revenue across most years, suggesting that the vast majority of funds are deployed towards its mission. For instance, in 2023, expenses were $14,409,912 against revenues of $14,973,146, leaving a modest surplus. The consistent reporting of 0% officer compensation across all available filings is a significant indicator of transparency and a commitment to directing resources to programs rather than executive salaries. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial picture suggests a well-managed and program-focused entity. The absence of reported officer compensation is a strong positive for transparency, indicating that leadership is either unpaid or compensated through other means not categorized as officer compensation, which would warrant further investigation of the full 990 forms for complete understanding.