AI Transparency Report
The New York State YMCA Foundation Inc. demonstrates a generally healthy financial position, with its latest reported assets at $2,988,508 exceeding its liabilities of $194,025 in 2023. The organization has shown significant revenue fluctuations, with a notable increase to $2,174,356 in 2023 from $438,662 in 2022, indicating potential for growth or variability in funding sources. Its spending efficiency appears strong, as expenses in 2023 were $1,611,968 against revenues of $2,174,356, suggesting a surplus that can be reinvested into its mission or reserves. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of financial transparency and a commitment to directing funds towards programmatic activities rather than executive salaries. This practice enhances public trust and suggests a volunteer-driven leadership model.