Is Delta Dental Of New York Inc Legit?

Delta Dental Of New York Inc demonstrates consistent financial growth, with revenue increasing from $384.5 million in 2014 to $789.6 million in 2023. The organization consistently operates with a surplus, indicating sound financial management. For instance, in 2023, revenues were $789.6 million against expenses of $764.9 million, resulting in a surplus of over $24 million. This consistent surplus contributes to a healthy growth in assets, which have more than quadrupled from $67.6 million in 2014 to $256.3 million in 2023. The organization's spending efficiency appears strong, as evidenced by the consistent surpluses and growth in net assets. While specific program, administrative, and fundraising expense breakdowns are not provided in the raw data, the overall financial health suggests that a significant portion of expenses are directed towards its mission. The absence of reported officer compensation is a notable aspect of its financial structure, potentially indicating a different compensation model or a high degree of volunteer leadership, which could contribute to lower administrative overhead. Transparency is generally good given the availability of 13 years of IRS 990 filings. However, without a detailed breakdown of functional expenses (program, administrative, fundraising) within the provided data, a complete assessment of spending efficiency and program focus is limited. The consistent growth and positive financial indicators suggest a well-managed entity, but further detail on how expenses are categorized would enhance transparency.