AI Transparency Report
The Alexis Gregory Foundation exhibits a highly variable financial profile, with recent years showing significant fluctuations in revenue and expenses. For instance, revenue surged from $50,083 in 2021 to $6,773,586 in 2022, then dropped to $2,366,526 in 2023. This volatility makes consistent financial planning and assessment challenging. The organization consistently reports zero officer compensation across all available filings, which is a strong indicator of efficient use of funds for administrative overhead related to executive pay. However, the NTEE code is unknown, which limits the ability to benchmark its financial performance against similar organizations.
Spending efficiency appears to be a mixed bag. In 2023, expenses ($3,062,988) exceeded revenue ($2,366,526), leading to a deficit. Conversely, in 2022, revenue ($6,773,586) significantly outpaced expenses ($3,027,395), indicating a substantial surplus. The consistent reporting of minimal liabilities ($1 across most years) suggests sound financial management in terms of debt. The foundation's assets have also shown considerable growth, from $2,796,711 in 2011 to $5,264,859 in 2023, indicating a growing financial base.
Transparency is generally good given the consistent filing of IRS Form 990s. The absence of officer compensation is clearly stated. However, without a specified NTEE code, it's difficult for external analysts to fully understand the organization's programmatic focus and compare its financial metrics to relevant peers. Further details on program spending versus administrative and fundraising costs would enhance transparency and allow for a more precise evaluation of spending efficiency.