Is National Society Of Genetic Counselors Inc Legit?

The National Society Of Genetic Counselors Inc (NSGC) demonstrates a generally stable financial position with consistent revenue generation over the past decade, growing from $2.78 million in 2014 to $4.95 million in 2023. While the organization experienced a slight deficit in 2023, with expenses of $5,195,530 exceeding revenue of $4,953,355, this appears to be an isolated event following several years of surpluses. The organization maintains healthy asset levels, reported at $5,409,559 in 2023, which comfortably cover its liabilities of $604,115, indicating good financial solvency. Spending efficiency is a key area for assessment. Without detailed expense breakdowns from the provided data, it's challenging to precisely determine program vs. administrative spending. However, the consistent growth in expenses alongside revenue suggests an expanding operational scope. A notable strength is the reported 0% officer compensation across all available filings, which indicates that the organization's leadership is either entirely volunteer-based or compensated through other means not categorized as 'officer compensation' on these specific lines, contributing positively to perceived efficiency and resource allocation towards its mission. The organization's consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to regulatory compliance and transparency.