Is Eastern Long Island Hospitalfoundation Legit?

Eastern Long Island Hospitalfoundation demonstrates a generally healthy financial position, with assets consistently exceeding liabilities across its filing history. The organization has shown significant fluctuations in revenue, ranging from a low of $606,516 in 2017 to a high of $5,470,689 in 2022, and $3,496,399 in 2023. Despite these variations, the organization has managed its expenses, often operating with a surplus, as seen in 2023 where revenue of $3,496,399 exceeded expenses of $2,887,084. The consistent reporting of 0% officer compensation across all available filings indicates a strong commitment to directing funds towards its mission rather than executive salaries, which is a positive indicator of financial stewardship and transparency. The organization's NTEE code E112 suggests it is a hospital foundation, implying its primary purpose is to support a hospital. While the filings show financial activity, without a detailed breakdown of program service expenses versus administrative and fundraising costs, it's challenging to precisely assess spending efficiency. However, the absence of officer compensation is a significant positive for transparency. The growth in assets from $1,507,368 in 2014 to $6,229,196 in 2023 suggests effective asset management and financial growth over the decade.