AI Transparency Report
The Benevolent And Protective Order Of Elks Of The Usa in Royal Oak, MI, demonstrates consistent financial operations, though recent years show expenses exceeding revenue. For instance, in the 202403 period, expenses were $226,502 against revenues of $183,473, indicating a deficit. This trend of spending more than it earns has been observed in several recent filings, including 202303 ($188,670 expenses vs. $173,212 revenue) and 202203 ($190,225 expenses vs. $183,680 revenue). While the organization maintains substantial assets, currently $1,279,142, these have shown a gradual decline from a peak of $1,560,307 in 201803, suggesting that deficits may be drawing down reserves.
The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 13 filings available. A notable aspect is the consistent reporting of 0% officer compensation across all available periods, which suggests a volunteer-driven leadership structure or that compensation is not reported in this category. This practice, while potentially indicating efficient use of funds, could also limit insight into how leadership is supported or incentivized. The NTEE code is unknown, which can sometimes hinder a clear understanding of its specific programmatic focus and comparative analysis within its sector.
Overall, the organization appears to be financially stable due to its significant asset base, but the recurring operational deficits warrant attention. The lack of officer compensation reported is a positive indicator for donor confidence regarding executive pay, but the unknown NTEE code and the consistent spending exceeding revenue are areas that could benefit from further clarification or strategic adjustment to ensure long-term sustainability without relying on asset depletion.