Is Legal Action Center Of The City Of New York Inc Legit?

The Legal Action Center Of The City Of New York Inc demonstrates a generally healthy financial position with significant growth in revenue and assets over the past decade. In the most recent filing (202303), the organization reported revenues of $9,004,962 against expenses of $8,187,349, indicating a surplus. Their assets have grown substantially from $1,245,707 in 2014 to $16,885,110 in 2023, suggesting strong financial management and accumulation of resources. The organization consistently reports 0% officer compensation, which is a notable aspect of its transparency and resource allocation. Spending efficiency appears strong, with expenses generally well-managed relative to revenue, although there was a significant revenue spike in 2022 ($15,721,661) that was not fully expended, leading to a large increase in assets. The consistent reporting of 0% officer compensation across all available filings indicates a commitment to directing funds towards its mission rather than executive salaries. This practice enhances the organization's transparency and public trust. Overall, the Legal Action Center appears to be a financially robust and well-managed organization. The substantial growth in assets and consistent operational surpluses in most years suggest a sustainable financial model. The absence of officer compensation is a significant positive indicator of its dedication to its mission and efficient use of donor funds.