Is Usta Foundation Incorporated Legit?

The Usta Foundation Incorporated demonstrates a generally healthy financial position with consistent revenue growth over the past decade, increasing from $3.97 million in 2014 to $12.93 million in 2023. The organization maintains substantial assets, reaching $26.3 million in 2023, significantly exceeding its liabilities of $3.74 million, indicating strong financial stability. While the 2023 filing shows expenses ($14.11 million) exceeding revenue ($12.93 million), leading to a deficit for that year, this follows several years of healthy surpluses, such as in 2022 where revenue ($13.7 million) significantly outpaced expenses ($9.21 million). This suggests a strategic allocation of resources rather than a persistent financial issue. The organization's spending efficiency appears robust, particularly given the consistent growth in assets. The absence of reported officer compensation across all available filings is a significant indicator of strong financial stewardship and a commitment to directing funds towards its mission rather than executive salaries. This practice enhances public trust and suggests a high degree of program focus. The foundation's transparency is excellent, with a clear and consistent filing history showing no reported officer compensation, which is a key factor in assessing how donor funds are utilized. Overall, the Usta Foundation Incorporated exhibits strong financial health, efficient resource management, and a high level of transparency, particularly through its consistent reporting and zero officer compensation. The fluctuation in annual net income, such as the deficit in 2023, should be viewed in the context of its overall financial strength and long-term asset growth, which suggests strategic investment or program expansion rather than financial distress.