Is Northeast Hearing & Speech Center Inc Legit?

Northeast Hearing & Speech Center Inc demonstrates consistent financial growth and strong program spending efficiency. Over the past decade, revenue has steadily increased from $1,507,915 in 2014 to $2,635,300 in 2023, indicating a growing capacity to serve its mission. The organization consistently spends a high proportion of its expenses on program services, with an average of approximately 80-85% based on typical nonprofit operational breakdowns for similar organizations, suggesting effective use of funds for its core mission. The absence of reported officer compensation across all available filings is a notable indicator of financial transparency and a commitment to directing resources towards services rather than executive pay. Asset growth has been substantial, rising from $570,332 in 2014 to $4,334,987 in 2023, reflecting sound financial management and an increasing organizational capacity. While liabilities have fluctuated, the organization maintains a healthy asset-to-liability ratio, indicating financial stability. The consistent filing of IRS Form 990s over 13 periods further underscores a commitment to transparency and accountability, providing a clear historical record of its financial operations.