AI Transparency Report
The YWCA of Schenectady demonstrates a consistent operational presence with revenues steadily increasing over the past decade, from $2,841,916 in 2014 to $5,383,641 in 2023. While the organization generally operates with expenses closely tracking revenues, there have been periods of deficit, such as in 2023 where expenses ($5,553,711) exceeded revenue ($5,383,641), and in 2022 where expenses ($4,894,207) slightly surpassed revenue ($4,863,598). This indicates a tight financial margin, though assets have shown significant growth, from $595,946 in 2014 to $3,658,192 in 2023, suggesting effective asset management or capital investments.
The organization's financial health appears stable, supported by growing assets and a generally increasing revenue stream. The consistent reporting of 0% officer compensation across all available filings is a notable aspect of its transparency and spending efficiency, indicating that executive leadership is either volunteer-based or compensated through other means not categorized as officer compensation on the 990, which warrants further investigation for a complete picture. The NTEE code P270 (YMCA, YWCA, YWHA, YMHA) suggests a focus on community programs, which aligns with the mission of such organizations.