AI Transparency Report
The Art Guild Of The Kennebunks operates on a very small scale, with recent annual revenues fluctuating between approximately $4,000 and $7,000. Its financial health appears stable but modest, with assets consistently low, typically under $7,000, and liabilities consistently reported as $1, indicating minimal debt. The organization has experienced periods where expenses exceeded revenue, such as in 2022 ($7,030 expenses vs. $4,109 revenue) and 2021 ($5,586 expenses vs. $3,955 revenue), suggesting reliance on prior year surpluses or reserves. However, in 2023, it reported a surplus with revenues of $4,823 against expenses of $4,609.
Spending efficiency is difficult to fully assess without a detailed functional expense breakdown, which is not typically required for organizations of this size filing a Form 990-EZ or 990-N. However, the consistent reporting of zero officer compensation indicates that leadership is likely volunteer-based, which is a positive sign for minimizing administrative overhead. Given its small size and mission, a significant portion of its expenses are likely directed towards program activities, though specific percentages are not available from the provided data. The organization's transparency is adequate for its size, with consistent annual filings available.