Is Yeshiva Of Far Rockaway Legit?

Yeshiva Of Far Rockaway demonstrates consistent financial activity over the past several years, with revenues and expenses generally in the range of $3.1 million to $3.6 million. The organization has consistently reported zero officer compensation across all available filings, which is a notable aspect of its financial transparency and operational structure. While the latest filing shows $0 in revenue and assets, this is likely an anomaly or a reporting lag, as previous years indicate a stable, active organization. The consistent reporting of liabilities, ranging from $1.0 million to $2.7 million, alongside assets between $7.4 million and $9.1 million, suggests a stable balance sheet. The organization's spending efficiency appears to be reasonable, with expenses closely tracking revenues in most periods. For instance, in 201708, expenses were $3,683,547 against revenues of $3,586,856, indicating a slight deficit, while in 201408, revenues of $3,502,596 exceeded expenses of $3,437,571. The lack of detailed functional expense breakdowns (program, admin, fundraising) in the provided data limits a precise assessment of spending efficiency ratios. However, the absence of reported officer compensation suggests a lean administrative overhead in terms of executive salaries. Transparency is generally good given the consistent filing history and the clear reporting of key financial metrics like revenue, expenses, assets, and liabilities. The zero officer compensation is a strong indicator of transparency regarding executive pay. However, without a breakdown of functional expenses, it's challenging to fully assess how efficiently funds are allocated between programs, administration, and fundraising. The NTEE code X30 (Religious Schools) suggests a clear programmatic focus, but the financial data provided does not offer granular insight into program spending versus other operational costs.