AI Transparency Report
Community Renaissance Fund demonstrates a fluctuating financial performance over the past decade, with significant swings in revenue and expenses. For instance, in 2020, the organization reported a substantial revenue of $1,593,172 against expenses of only $88,599, indicating a large surplus. However, the most recent filing (2023) shows expenses of $877,523 significantly exceeding revenue of $507,012, resulting in a deficit. This volatility suggests potential challenges in consistent financial planning or a project-based funding model. The organization consistently reports 0% officer compensation across all filings, which is a strong indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries. Their asset base has grown considerably, from $525,651 in 2014 to $2,939,152 in 2023, demonstrating long-term asset accumulation, though liabilities have also increased proportionally, reaching $1,401,767 in 2023.