Is Elmcor Youth & Adult Activities Inc Legit?

Elmcor Youth & Adult Activities Inc demonstrates consistent financial growth and strong program spending efficiency. Over the past decade, the organization's revenue has steadily increased from $3,538,816 in 2014 to $9,329,992 in 2023, indicating growing support and capacity. The organization consistently spends a high percentage of its expenses on program services, as evidenced by the 85% program spending ratio in the latest filing. This suggests a strong commitment to its mission of serving youth and adults. The organization's financial health appears stable, with assets growing from $4,299,343 in 2014 to $7,676,486 in 2023. While liabilities have also increased, the asset growth outpaces liability growth in recent years, maintaining a healthy balance sheet. The consistent reporting of 0% officer compensation across all available filings is a significant indicator of transparency and a focus on directing funds towards programmatic activities rather than executive salaries, which is a strong positive for donor confidence. Overall, Elmcor Youth & Adult Activities Inc exhibits sound financial management, efficient spending on its core mission, and a high degree of transparency regarding executive compensation. Its sustained growth in revenue and assets, coupled with a strong program spending ratio, positions it as a financially healthy and impactful nonprofit.