Is Families On The Move Of New York City Legit?

Families On The Move Of New York City demonstrates consistent financial activity, with revenues and expenses generally increasing over the past decade. In the most recent filing (202306), the organization reported revenues of $1,691,482 against expenses of $1,662,546, indicating a slight surplus. The organization's assets have shown growth, reaching $1,612,004 in 202306, while liabilities also increased to $1,128,306, suggesting a reliance on funding that creates obligations. Spending efficiency appears to be strong, as the organization consistently spends nearly all of its revenue on its operations, with expenses closely tracking revenue year over year. For example, in 202206, expenses were $1,536,672 against revenues of $1,776,064, showing a healthy margin. The consistent reporting of 0% officer compensation across all available filings is a significant indicator of transparency and a commitment to directing funds towards the mission rather than executive salaries. This practice suggests that leadership may be volunteer-based or compensated through other means not classified as officer compensation, which is a positive sign for donors. Overall, the organization exhibits sound financial management with a clear focus on program delivery, as evidenced by the tight correlation between revenue and expenses and the absence of reported officer compensation. While liabilities have grown alongside assets, the overall financial picture suggests a stable and operationally focused entity.