Is Young Womens Christian Association Of Queens Legit?

The Young Womens Christian Association Of Queens demonstrates a generally stable financial position, with total assets consistently above liabilities, indicating solvency. Over the past five years, revenue has fluctuated, peaking at $3,237,257 in 2021 and showing a slight decline to $2,263,277 in 2023. The organization has managed its expenses reasonably well, with program spending appearing to be a significant focus, though specific breakdowns are not provided in the summary data. The consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing funds towards the mission rather than executive salaries, which is a positive indicator of financial efficiency and transparency. However, the organization experienced a deficit in 2023, with expenses of $2,432,176 exceeding revenue of $2,263,277, resulting in a net loss for the year. This follows a period of surplus in 2021 and 2022. While a single year's deficit isn't necessarily alarming, it warrants monitoring to ensure long-term financial stability. The organization's asset base of $4,457,984 in 2023 provides a buffer, but sustained deficits could erode these reserves. Overall, the YWCA of Queens appears to be a transparent organization, particularly regarding executive compensation, and generally manages its finances effectively, though recent trends suggest a need for careful financial planning.