AI Transparency Report
The Young Mens Christian Association Of Middletown Ny demonstrates a generally healthy financial trajectory, with recent filings showing strong revenue growth and positive net income. In 2023, the organization reported revenues of $12,760,691 against expenses of $10,364,166, indicating a surplus that contributes to asset growth. Over the past few years, particularly since a dip in 2020, revenue has rebounded significantly, nearly tripling from $4,683,715 in 2020 to $12,760,691 in 2023. This growth suggests effective fundraising and program delivery.
The organization's asset base has also shown consistent growth, reaching $18,860,145 in 2023, up from $16,147,193 in 2020. Liabilities have fluctuated but appear manageable relative to assets. A notable aspect of their financial management is the consistent reporting of 0% officer compensation across all available filings, which is highly unusual for an organization of this size and could indicate that executive compensation is reported under other expense categories or that leadership is entirely volunteer-based, warranting further investigation for full transparency. This lack of reported officer compensation, while potentially positive, also creates a transparency gap regarding how leadership is compensated.
Spending efficiency appears reasonable, with expenses generally staying well below revenue, allowing for reinvestment and asset accumulation. The significant increase in revenue and assets over the last decade, from $6,847,186 in revenue and $8,706,839 in assets in 2014 to current levels, points to sustained operational growth and financial stability. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is limited. The absence of reported officer compensation is a significant data point that impacts the assessment of transparency.