Is Jacob A Riis Neighborhood Settlement Legit?

Jacob A Riis Neighborhood Settlement demonstrates a strong and improving financial trajectory, particularly in recent years. The organization's revenue has shown significant growth, nearly doubling from $4,389,757 in 2021 to $9,523,448 in 2023. This growth has been accompanied by a healthy surplus in the latest filing period, with revenues of $9,523,448 exceeding expenses of $7,454,128, indicating sound financial management. The organization's assets have also grown substantially, from $1,404,947 in 2021 to $4,500,438 in 2023, strengthening its financial reserves. Spending efficiency appears to be a core focus, as evidenced by consistent surpluses in recent years (2023, 2022, 2021, 2018, 2017). While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial health suggests effective resource allocation. 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 enhances public trust and demonstrates a strong ethical stance regarding compensation. Overall, Jacob A Riis Neighborhood Settlement exhibits robust financial health, marked by substantial revenue and asset growth, and a commendable commitment to transparency regarding executive compensation. The consistent positive financial performance in recent periods suggests a well-managed organization capable of sustaining and expanding its programmatic impact.