Is New York Common Pantry Legit?

New York Common Pantry demonstrates a strong commitment to its program services, consistently allocating a significant majority of its expenses directly to its mission. Over the past decade, the organization has shown substantial growth in both revenue and assets, indicating increasing support and capacity. For instance, revenue grew from $4.68 million in 2014 to $20.88 million in 2023, and assets increased from $5.84 million to $25.49 million in the same period. This growth, coupled with expenses generally tracking revenue, suggests effective management of expanding operations. The organization's financial health appears robust, with assets significantly exceeding liabilities in most years, though liabilities saw a notable increase in 2023 to $9.86 million, which warrants closer examination to understand its nature. Spending efficiency is commendable, with a high proportion of funds directed to programs. The consistent reporting of 0% officer compensation across all available filings is a significant positive indicator of financial transparency and a focus on mission over executive pay. This practice suggests that the organization's leadership may be volunteer-based or compensated through other means not categorized as 'officer compensation' on the 990, which is a strong point for donor confidence.