Is New York College Of Traditional Chinese Medicine Legit?

New York College Of Traditional Chinese Medicine demonstrates a fluctuating financial health over the past decade. While it has generally maintained positive net assets, recent filings show a trend of expenses exceeding revenue. For instance, in 2023, expenses were $3,191,466 against revenues of $3,029,637, and in 2022, expenses were $3,269,422 against revenues of $2,990,222. This indicates a reliance on prior year surpluses or other funding sources to cover operational costs. The organization's assets have grown significantly from $1,361,751 in 2014 to $7,927,311 in 2023, but liabilities have also increased substantially, particularly in the last three years, reaching $3,526,372 in 2023. This growth in liabilities warrants closer examination. Spending efficiency is difficult to fully assess without a detailed functional expense breakdown, which is not provided in the summary data. However, the consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing administrative overhead in that specific area. The organization's transparency appears strong regarding executive compensation, as it consistently reports no officer compensation, which is a positive indicator for a non-profit of its size. However, the lack of detailed expense categories limits a complete assessment of overall spending efficiency. Overall, the organization shows growth in scale but faces recent challenges in matching revenue to expenses. Its asset base has expanded, but so have its liabilities. The consistent reporting of no officer compensation is a notable positive for transparency and potential efficiency.