Is Family And Youth Institute Ofmichigan Legit?

The Family And Youth Institute Ofmichigan demonstrates a mixed financial picture. While the organization has shown significant growth in revenue and assets over the past decade, with assets growing from $96,491 in 2015 to $2,068,120 in 2023, its financial stability has fluctuated. The most recent filing (2023) shows expenses ($1,025,716) exceeding revenue ($850,837), indicating an operating deficit for that period. This contrasts sharply with 2022, where revenue ($1,784,619) significantly outpaced expenses ($586,661). The organization's transparency is commendable, particularly regarding executive compensation, which has consistently been reported as 0% across all available filings. This suggests a volunteer-led or very lean leadership structure, which can be a positive indicator of resource allocation directly to mission-related activities. However, without detailed expense breakdowns beyond the summary data, it's challenging to fully assess spending efficiency across programs, administration, and fundraising. The substantial increase in liabilities from $0 in 2017 to $50,471 in 2023, while still relatively low compared to assets, warrants monitoring.