Is Staten Island Academy Legit?

Staten Island Academy demonstrates consistent financial health, generally operating with a surplus as evidenced by revenues exceeding expenses in most recent filings, such as $16,351,886 in revenue against $15,470,160 in expenses for the 202306 period. The organization maintains substantial assets, reported at $29,273,207 in the latest filing, indicating a strong financial foundation. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the consistent positive net income suggests efficient management of resources. The academy's financial stability is further supported by its long filing history, with 13 filings available, indicating a commitment to regulatory compliance. A notable aspect is the reported 0% officer compensation across all provided periods, which suggests that the highest-ranking individuals are either volunteers or compensated through other means not categorized as 'officer compensation' in this summary, potentially indicating a lean administrative structure or a strong volunteer leadership model. This practice, if accurately reflecting no compensation for top leadership, could be a positive indicator of resource allocation towards its mission. Overall, Staten Island Academy appears to be a financially stable organization with a history of responsible fiscal management. The consistent growth in assets over the years, from $15,128,011 in 2014 to $29,273,207 currently, alongside generally positive operating margins, points to a well-managed entity. The absence of reported officer compensation is a significant data point that, depending on the full context of their compensation structure, could be interpreted as a strong commitment to directing funds towards its educational programs.