AI Transparency Report
The Altamira Foundation demonstrates a mixed financial picture. While the organization has shown significant growth in assets, reaching $18,621,143, its recent operational performance indicates a trend of expenses exceeding revenue. For instance, in 2023, expenses were $849,284 against revenue of $565,004, and in 2022, expenses were $1,160,812 against revenue of $645,826. This suggests a reliance on prior year surpluses or investment income to cover operational costs. The consistent reporting of $1 in liabilities across multiple years, and even $0 in 2011, raises questions about the completeness or accuracy of liability reporting, which could impact the assessment of financial health and transparency. The absence of reported officer compensation across all filings is a notable aspect of its financial structure, potentially indicating a volunteer-led or externally managed executive function, or that compensation is reported in a different category not specified in the provided data.