Is Long Island Association Inc Legit?

The Long Island Association Inc. demonstrates generally stable financial health, with revenues consistently covering expenses in most recent years. For instance, in 2023, revenue of $2,888,523 exceeded expenses of $2,758,830, resulting in a surplus. However, there have been periods of deficit spending, such as in 2021 where expenses ($2,214,104) outpaced revenue ($1,912,416), and in 2019, 2018, 2017, and 2016. The organization's assets have fluctuated but remained above $2 million in most recent filings, indicating a reasonable financial cushion. Liabilities have also shown a consistent trend, suggesting ongoing operational commitments. Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the consistent operational surpluses in recent years (2023, 2022) suggest effective management of overall expenditures relative to income. The absence of reported officer compensation across all filings is a notable point regarding executive remuneration, indicating that top leadership may be compensated through other means or that the organization operates with a volunteer executive structure, which could contribute to lower administrative overhead. Transparency regarding executive compensation is high, as zero officer compensation is consistently reported. However, the lack of detailed expense categorization (program vs. admin vs. fundraising) in the provided data limits a comprehensive assessment of spending transparency and efficiency ratios. To fully evaluate the organization's financial health and efficiency, a deeper dive into the full IRS 990 forms would be necessary to understand how its expenses are allocated across its mission-related activities, management, and fundraising efforts.