AI Transparency Report
Artswestchester Inc demonstrates a consistent operational history with revenues generally exceeding or closely matching expenses over the past decade, indicating stable financial management. For instance, in 2021, revenue significantly outpaced expenses ($5,051,265 vs. $4,013,435), contributing to asset growth. However, more recent years (2022 and 2023) show expenses slightly exceeding revenues, with expenses of $6,680,199 against revenues of $5,458,100 in 2022, and $6,247,675 against $5,848,189 in 2023. This trend warrants monitoring to ensure long-term sustainability.
The organization's assets have remained robust, consistently above $10 million, reaching $10,852,003 in 2023, providing a solid financial foundation. The liabilities have also been managed, staying within a reasonable range relative to assets. The consistent reporting of 0% officer compensation across all available filings suggests either a volunteer-led executive team or that compensation is reported under other expense categories, which could impact the perceived transparency of executive pay if not clearly disclosed elsewhere. Further detail on functional expenses would be needed to fully assess spending efficiency, particularly the breakdown between program, administrative, and fundraising costs.