Is Raymond Coalition For Youth Inc Legit?

Raymond Coalition For Youth Inc demonstrates a generally stable financial position with consistent revenue streams over the past decade. While the latest reported revenue is $381,615, the most recent filing (202309) shows revenue of $237,070 and expenses of $285,510, indicating a deficit for that period. However, the organization has built up its assets from $151,183 in 2014 to $533,609 in 2023, suggesting effective asset management over the long term. The organization's liabilities remain very low, which is a positive indicator of financial health and low debt burden. The organization's spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This suggests that a very high proportion of funds are directed towards programs and operational costs rather than executive salaries. The absence of officer compensation also points to a high degree of transparency regarding how funds are allocated, as it eliminates a common area of scrutiny for nonprofits. The consistent growth in assets, despite occasional operational deficits, indicates prudent financial stewardship. Overall, Raymond Coalition For Youth Inc appears to be a financially sound and transparent organization. Its ability to grow assets while maintaining minimal liabilities and reporting no officer compensation reflects a strong commitment to its mission and efficient use of donor funds. The recent deficit in the 202309 period warrants monitoring, but the overall trend is positive.