Is Pronto Of Long Island Inc Legit?

Quick charity verification for Pronto Of Long Island Inc (EIN: 112317426)

Verdict: Pronto Of Long Island Inc appears trustworthy

92/100Mission Score
$4.2MRevenue
$2.2MAssets
1Red Flags
5Strengths

Red Flags

Strengths

AI Transparency Report

Pronto Of Long Island Inc demonstrates strong financial health and growth over the past decade. The organization has consistently increased its revenue, from $1,049,311 in 2013 to $3,905,160 in 2023, indicating robust fundraising and community support. Their assets have also grown significantly, reaching $1,998,937 in 2023, which provides a solid financial foundation. The organization consistently spends a high percentage of its total expenses on program services, as evidenced by the 85% program spending ratio in the latest filing, suggesting efficient use of donor funds directly towards its mission. The organization's spending efficiency is commendable, with program expenses consistently forming the vast majority of total expenditures. For instance, in 2023, with total expenses of $3,770,179, a significant portion was directed to programs. The absence of reported officer compensation across all available filings suggests a volunteer-led or very lean administrative structure at the executive level, further enhancing its efficiency and transparency. This practice is highly favorable for donor confidence, as it implies that resources are maximized for direct charitable activities rather than executive salaries. Pronto Of Long Island Inc appears to be a transparent organization, particularly given the consistent reporting of zero officer compensation. This level of transparency regarding executive pay is exceptional and builds trust. The consistent growth in both revenue and assets, coupled with a high program spending ratio, paints a picture of a well-managed and financially sound nonprofit that is effectively utilizing its resources to achieve its mission.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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