AI Transparency Report
Community Touch Inc demonstrates a generally stable financial position, with assets growing over the past decade, reaching $286,011 in 2023. The organization consistently spends a high proportion of its budget on programs, indicating a strong focus on its mission. For instance, in 2023, expenses were $886,723 against revenues of $874,278, showing a slight deficit, but overall, the organization has managed its finances well, often operating with a surplus in previous years (e.g., 2022 revenue of $1,402,255 vs. expenses of $1,381,927). The consistent reporting of 0% officer compensation across all available filings is a significant indicator of transparency and efficient use of funds, suggesting that leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is a positive sign for donor confidence.
The organization's revenue has fluctuated, with a peak in 2022 at over $1.4 million, followed by a decrease in 2023 to $874,278. Despite these fluctuations, the organization has maintained a healthy asset base relative to its operational size. The liabilities have remained relatively low, indicating good financial management and limited reliance on debt. The consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to transparency and regulatory compliance, allowing stakeholders to track its financial performance over time.