Is The City University Of New York School Of Law Foundation Inc Legit?

The City University Of New York School Of Law Foundation Inc demonstrates strong financial health and efficient spending based on its recent IRS 990 filings. In the latest period (202306), the organization reported revenues of $3,792,883 against expenses of $1,626,423, resulting in a significant surplus that contributed to an increase in assets to $10,711,932. This trend of revenue exceeding expenses is consistent over the past two years, with 202206 showing revenues of $2,895,666 against expenses of $1,292,038. The foundation's assets have shown consistent growth, nearly doubling from $5,708,159 in 201606 to over $10 million in 202306, indicating sound financial management and accumulation of resources to support its mission. The organization appears to prioritize its programmatic activities, as evidenced by its consistent operational surpluses and asset growth. While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the overall financial picture suggests a healthy operational model. The absence of reported officer compensation across all available filings indicates a commitment to directing resources towards the foundation's objectives rather than executive salaries, which is a positive indicator of financial stewardship and transparency. The relatively low liabilities compared to assets further underscore its stable financial position. Overall, the foundation exhibits strong financial performance with consistent revenue generation, controlled expenses, and significant asset growth. The lack of reported officer compensation enhances its transparency profile, suggesting that the organization is effectively managing its resources to support the City University of New York School of Law.