Is North American University Legit?

North American University demonstrates a fluctuating financial picture over the past decade. While the organization has seen significant revenue growth, reaching $20,448,507 in its latest reported period, it also experienced a deficit in 2023, with expenses of $14,655,492 exceeding revenue of $12,090,901. This recent deficit follows a surplus in 2022 where revenue was $11,619,623 against expenses of $10,358,219. The organization's assets have also shown volatility, peaking at $22,241,911 in 2015 and currently standing at $14,691,579. Spending efficiency is difficult to fully assess without a detailed functional expense breakdown (program, administrative, fundraising) from the provided data. However, the consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing executive overhead, which is a positive indicator for donor confidence. The organization's liabilities have also varied, with a notable increase in 2015 and 2014, but have since decreased to $2,661,316 in 2023, indicating some improvement in managing debt. In terms of transparency, the consistent filing of IRS Form 990s over 13 periods is a strong positive. The absence of reported officer compensation is also a transparent disclosure. However, without more granular expense data, a complete picture of how funds are allocated between programs, administration, and fundraising remains somewhat opaque. Further detail on program activities and outcomes would enhance overall transparency.