AI Transparency Report
The Boys And Girls Club Of New Rochelle Inc has demonstrated significant growth in recent years, with its latest reported revenue at $6,061,369 and assets at $20,285,500. This represents a substantial increase from previous periods, particularly in assets, which jumped from $1,394,432 in 2022 to $11,549,866 in 2023, and then to over $20 million currently. This rapid asset accumulation, especially the large increase between 2022 and 2023, warrants further investigation to understand its composition and source, as it could indicate significant capital investments or large donations.
The organization generally operates with expenses closely aligned with or slightly exceeding revenue in many periods, such as in 2023 where expenses were $4,146,324 against revenue of $4,083,200. However, the 2022 period showed a healthy surplus with revenue of $3,314,522 against expenses of $2,477,398. The consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing funds towards programs and operations rather than executive salaries, which is a positive indicator of financial stewardship. The substantial increase in assets and revenue suggests a growing capacity to serve its mission, but the specific details of this growth, particularly the asset composition, would enhance transparency.
While the organization's financial health appears to be improving with significant asset growth, the lack of detailed spending breakdown in the provided data makes a precise assessment of spending efficiency challenging. However, the consistent 0% officer compensation is a strong positive for transparency and efficiency. The rapid growth in assets and revenue indicates a successful fundraising and development strategy, but understanding the allocation of these new resources is key to a full assessment.