Is For Each 1 Reach 1 Mentoring Program Inc Legit?

For Each 1 Reach 1 Mentoring Program Inc demonstrates a mixed financial picture. While the organization has shown significant revenue growth, increasing from $80,345 in 2016 to $670,701 in 2023, its financial stability appears to be fluctuating. In 2023, expenses ($809,044) significantly outpaced revenue ($670,701), resulting in a deficit for the year. This contrasts with 2022, where revenue ($652,437) exceeded expenses ($535,762), indicating a surplus. The organization's assets have also seen substantial growth over the years, from $34,683 in 2016 to $233,017 in 2023, though there was a notable decrease from $337,586 in 2022 to $233,017 in 2023. The consistent reporting of 0% officer compensation across all filings suggests a commitment to directing funds towards programs rather than executive salaries, which is a positive indicator of financial efficiency and transparency. The organization's liabilities have also increased alongside its growth, reaching $144,648 in 2023. While not inherently negative, the recent deficit and the increase in liabilities warrant close monitoring. The consistent filing of IRS Form 990s over eight periods demonstrates a commitment to transparency in financial reporting. However, without a detailed breakdown of expenses (program, administrative, fundraising) within the provided data, a precise assessment of spending efficiency is challenging. The overall trend of growth is positive, but the recent financial performance suggests a need for careful management of expenses relative to revenue to ensure long-term sustainability.