Is Harlem Rbi Incorporated Legit?

Harlem RBI Incorporated demonstrates a strong financial position with consistent revenue generation and significant asset growth over the past decade. In the latest filing period (202306), the organization reported revenues of $35,938,094 against expenses of $34,857,661, indicating a healthy operational surplus. The substantial increase in assets from $91,783,471 in 202206 to $271,347,708 in 202306, alongside a corresponding rise in liabilities to $206,443,306, suggests significant capital projects or investments, which warrants further investigation into the nature of these liabilities and asset acquisitions. The organization appears to be efficient in its spending, with a good portion of its expenses likely directed towards program services, although specific program spending ratios are not provided in the raw data. The consistent reporting of 0% officer compensation across all available filings is a notable indicator of transparency and potentially a volunteer-led or very lean executive structure, which is highly commendable. However, the large increase in liabilities in the latest period, while potentially tied to asset growth, should be monitored to ensure long-term financial stability.