Is Specialty Advertising Association Of Greater New York Inc Legit?

Specialty Advertising Association Of Greater New York Inc (SAAGNY) demonstrates a stable financial position with consistent revenue generation and healthy asset growth over the past decade. In the latest filing (202312), the organization reported revenue of $780,586 against expenses of $777,790, indicating a near break-even operation for the year. This trend of expenses closely matching revenue is also observed in 202212 ($614,712 revenue vs. $613,523 expenses). SAAGNY has significantly grown its assets from $466,544 in 2013 to $2,206,044 in 2023, suggesting effective financial management and accumulation of reserves. The organization consistently reports 0% officer compensation, which is a strong indicator of transparency and a focus on mission-related spending rather than executive enrichment. While specific program spending details are not provided in the summary data, the overall financial health appears robust, with low liabilities relative to assets.