Is Long Island Builders Institute Inc Legit?

The Long Island Builders Institute Inc. demonstrates consistent financial activity, with revenues and expenses generally increasing over the past decade. In the latest filing (202312), the organization reported revenues of $1,943,202 against expenses of $1,991,135, indicating a slight operational deficit for that period. This trend of expenses sometimes exceeding revenue is observed in several recent years, such as 202212 and 202012, suggesting a need for careful financial management to maintain long-term sustainability. The organization's assets have fluctuated, reaching $1,103,506 in the latest available data, but the 202312 filing shows assets at $631,218 with liabilities of $268,561, indicating a healthy asset-to-liability ratio. Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess. However, the consistent operational deficits in some years suggest that the organization is spending close to or slightly above its income. The lack of reported officer compensation across all filings indicates a potential for high volunteer involvement or that compensation is reported under other expense categories, which could impact transparency if not clearly disclosed elsewhere. Overall, while the organization maintains a stable asset base, closer scrutiny of expense allocation would provide a clearer picture of its spending efficiency and program impact.