Is Young Mens Christian Association Of Long Island Inc Legit?

The Young Mens Christian Association Of Long Island Inc (YMCA of Long Island) demonstrates a generally healthy financial trajectory, with consistent revenue growth in recent years, reaching $43,250,024 in 2023. The organization has also shown a positive net income in most recent periods, indicating sound financial management. For instance, in 2023, revenue exceeded expenses by over $4.6 million ($43,250,024 revenue vs. $38,596,949 expenses), contributing to a steady increase in assets, which stood at $78,666,060 in 2023. While specific program spending percentages are not directly provided in the summary data, the consistent positive net income and asset growth suggest that the organization is effectively managing its resources. A notable aspect of their financial reporting is the consistent disclosure of 0% officer compensation across all provided filings, which is highly unusual for an organization of this size and could indicate that executive compensation is reported under other categories or that the organization truly operates with unpaid officers. This lack of direct officer compensation disclosure, if accurate, would be a significant positive for transparency regarding executive pay. Overall, the YMCA of Long Island appears to be financially stable and growing. The consistent increase in assets and revenue, coupled with positive net income in most years, points to a well-managed organization. Further detailed analysis of their Form 990 would be needed to fully assess program efficiency and the breakdown of expenses beyond the high-level summary provided.