Is Lsny Bronx Corporation Legit?

Lsny Bronx Corporation demonstrates consistent financial growth and strong program spending. In 2023, the organization reported revenues of $27,579,386 against expenses of $27,419,552, indicating a near break-even operation which is common for non-profits focused on maximizing program delivery. Over the past decade, revenue has grown significantly from $6,937,102 in 2014 to $27,579,386 in 2023, reflecting expanding operations and donor support. The organization consistently reports 0% officer compensation, which is a notable indicator of financial transparency and a commitment to directing funds towards its mission rather than executive salaries. This practice enhances public trust and suggests a volunteer or externally compensated leadership structure, or that compensation is reported under other categories not specified as 'officer comp'. The organization's assets have also grown steadily, reaching $11,902,130 in 2023, providing a solid financial foundation. Liabilities have increased in proportion to assets, which is expected with growth, but the organization maintains a healthy asset-to-liability ratio. The consistent reporting of 0% officer compensation across all available filings is a significant positive for transparency, though it would be beneficial to understand how leadership is compensated if not through direct officer salaries. Overall, Lsny Bronx Corporation appears to be a financially stable and efficient organization, effectively managing its resources to support its mission.