Is Cumberland Cape Atlantic Y M C A Of New Jersey Legit?

The Cumberland Cape Atlantic Y M C A Of New Jersey demonstrates a generally stable financial position with consistent revenue streams, averaging over $4 million annually in recent years. While the organization experienced a slight deficit in 2023 with expenses exceeding revenue ($5,472,949 vs $5,314,092), this follows a strong surplus in 2022 where revenue significantly outpaced expenses ($5,994,485 vs $3,935,503). The organization's assets have shown substantial growth, nearly doubling from $3,432,864 in 2019 to $7,255,750 in 2023, indicating effective asset management or significant capital investments. Liabilities have remained manageable relative to assets, suggesting a healthy balance sheet. The organization's spending efficiency appears to prioritize program delivery, as indicated by the typical YMCA model. The absence of reported officer compensation across all available filings is a notable aspect of its financial transparency, suggesting either a volunteer leadership structure or compensation being reported under other categories. This lack of specific officer compensation, while potentially positive for perceived efficiency, could also raise questions about the full picture of leadership remuneration if not clearly explained elsewhere. Overall, the YMCA appears to be a financially sound organization with a strong asset base and a history of generating sufficient revenue to cover its operational costs, despite occasional fluctuations. Its consistent growth in assets and the lack of reported officer compensation point towards a focus on mission and operational stability, though further detail on how leadership is compensated would enhance full transparency.