Is Kiryas Joel Municipal Local Development Corporation Legit?
Quick charity verification for Kiryas Joel Municipal Local Development Corporation (EIN: 141756790)
Verdict: Kiryas Joel Municipal Local Development Corporation appears trustworthy
75/100Mission Score
$5.9MRevenue
$2.6MAssets
3Red Flags
3Strengths
Red Flags
Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided data
Unclear how an organization with over $5M in revenue operates with 0% reported officer compensation
Significant expense exceeding revenue in 2016 ($6,772,261 expenses vs. $3,879,440 revenue)
Strengths
Consistent financial reporting over 13 periods
Stable asset base relative to liabilities
No reported officer compensation, potentially indicating high volunteer engagement or efficient use of funds for leadership
AI Transparency Report
The Kiryas Joel Municipal Local Development Corporation demonstrates consistent financial activity, with revenues and expenses generally in the range of $3.5 million to $5.3 million over the past decade. The organization's assets have fluctuated, peaking around $5 million in 2014-2015 before settling closer to $2.5-$3 million in recent years. A notable aspect of their financial reporting is the consistent disclosure of 0% officer compensation across all available filings, which suggests either a volunteer-led executive team or compensation being reported under different categories. Without a detailed breakdown of expenses (e.g., program service expenses vs. administrative and fundraising), it's challenging to fully assess spending efficiency. However, the consistent reporting of liabilities relative to assets indicates a stable financial position, with liabilities typically representing a smaller portion of total assets.