AI Transparency Report
The Borrego Foundation demonstrates strong financial health, consistently maintaining substantial assets relative to its annual expenses. For instance, in 2023, with expenses of $3,993,945, its assets stood at $48,049,670, indicating a robust financial cushion. The organization has also shown significant revenue growth over the past decade, with its latest reported revenue at $13,309,877, a substantial increase from $2,526,283 in 2011. This growth, coupled with consistently low liabilities (often reported as $1), suggests prudent financial management and stability.
Spending efficiency appears to be a key strength, as evidenced by the consistent reporting of 0% officer compensation across all available filings. This indicates that executive leadership is not drawing salaries from the organization, which is highly unusual and suggests a volunteer-driven or exceptionally lean operational model. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the absence of officer compensation points towards a high potential for funds to be directed towards the mission.
Regarding transparency, the organization has a consistent filing history with 10 IRS 990 filings available, demonstrating adherence to reporting requirements. The consistent reporting of minimal liabilities and zero officer compensation across all periods enhances trust and suggests a clear financial picture. However, without detailed expense breakdowns beyond total expenses, a complete assessment of spending efficiency across program, administrative, and fundraising categories is limited.