Is Young Mens Christian Association State Of Maine Legit?

The Young Mens Christian Association State Of Maine demonstrates a generally stable financial trajectory, with recent years showing a notable increase in revenue and assets. For instance, revenue grew from $922,646 in 2021 to $1,523,370 in 2023, and assets increased from $1,984,258 to $2,169,617 over the same period. This growth suggests expanding operations or increased donor support. The organization consistently reports zero officer compensation, which is a significant indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries. Spending efficiency appears to be strong, as evidenced by the consistent reporting of zero officer compensation across all available filings. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the absence of executive compensation suggests a lean operational structure at the top. The organization has maintained a healthy asset base relative to its liabilities, with assets of $2,169,617 against liabilities of $244,841 in 2023, indicating good financial solvency. Overall, the organization exhibits positive financial health and a high degree of transparency regarding executive compensation. The consistent growth in revenue and assets, coupled with minimal liabilities, positions the YMCA State Of Maine as a financially sound entity. Further detailed analysis of program spending ratios would provide a more complete picture of spending efficiency, but the available data points to a well-managed nonprofit.