Is Youths Friends Association Inc Legit?

Youths Friends Association Inc. demonstrates a consistent operational pattern over the past decade, with annual revenues typically ranging from $400,000 to $790,000. However, the latest reported revenue of $3,587,344 is a significant outlier, suggesting a potential major one-time event or a change in reporting. Despite this, the organization has consistently spent more than it has brought in during most recent periods, as seen in 202312 where expenses ($783,338) significantly exceeded revenue ($413,757). This trend of deficit spending, if not supported by reserves, could raise long-term sustainability concerns. The organization's assets have shown a gradual decline from $9,513,704 in 2011 to $8,660,034 in 2023, which aligns with the consistent operational deficits. The reported liabilities have been minimal ($0 or $1) across all filings, indicating a very low debt burden. The absence of reported officer compensation across all filings suggests either a fully volunteer-run leadership or that compensation is reported under other expense categories, which could impact transparency regarding executive pay. Given the consistent operational deficits and declining asset base, the organization's financial health warrants close monitoring. While the low liabilities are a positive, the long-term sustainability depends on reversing the trend of spending exceeding revenue. The lack of reported officer compensation, while potentially indicating volunteer leadership, also means there's no direct data to assess executive pay efficiency.