Is Ypo Inc Legit?

Ypo Inc demonstrates a generally stable financial history, with revenues consistently in the range of $700,000 to $1,100,000 over the past decade. The organization's assets have shown growth, reaching $1,095,013 in 2023, up from $457,777 in 2014. However, the most recent filing (202306) shows expenses ($1,096,908) exceeding revenue ($1,018,581), resulting in a deficit for that period. This trend of expenses sometimes exceeding revenue is observed in several past years (e.g., 2014, 2016, 2017, 2018). While not immediately alarming given the asset base, consistent deficits could impact long-term sustainability. The organization's transparency regarding executive compensation is high, with 0% reported officer compensation across all available filings. This indicates either a volunteer-led executive team or compensation being reported under other expense categories, which would warrant further investigation for complete clarity. The NTEE code is unknown, which can sometimes make it harder to benchmark against similar organizations. The significant increase in liabilities from $35,000 in 2022 to $258,571 in 2023 also warrants attention, as it represents a substantial portion of their assets. Overall, Ypo Inc appears to be a well-established organization with a solid asset base. The consistent reporting of zero officer compensation is a notable aspect of its financial structure. However, the recent deficit and the increase in liabilities suggest a need for careful monitoring of financial management to ensure continued operational health and program delivery.