AI Transparency Report
Angel Reach demonstrates strong financial health and growth over the past decade. Their revenue has consistently increased, from $860,263 in 2014 to $3,553,270 in 2023, indicating robust donor support and successful fundraising efforts. The organization also maintains a healthy asset base, growing from $612,844 to $8,234,217 over the same period, which provides financial stability and capacity for future programs. Their liabilities are well-managed relative to assets, suggesting a low financial risk.
Spending efficiency appears to be a strength, with expenses consistently lower than revenue in most recent years, allowing for asset accumulation. For example, in 2023, expenses were $2,222,222 against revenues of $3,553,270. The consistent reporting of 0% officer compensation across all filings indicates a commitment to directing funds towards the mission rather than executive salaries, which is a positive sign for transparency and donor trust. This practice, combined with regular IRS 990 filings, suggests a high level of financial transparency.