AI Transparency Report
Congregations Linked In Urban Strategy To Effect Renewal Inc (CLUSTER) demonstrates generally sound financial health, with consistent revenue generation over the past decade, growing from $4.98 million in 2014 to $7.40 million in 2023. The organization has maintained a positive net asset position, increasing its assets from $1.63 million in 2014 to $5.50 million in 2023, indicating responsible financial management and growth. However, the latest filing for 2023 shows expenses ($7,550,823) exceeding revenue ($7,402,332), resulting in a slight deficit for that period, which warrants monitoring.
Spending efficiency appears to be a strength, as the organization consistently reports 0% officer compensation across all available filings, suggesting that resources are primarily directed towards programmatic activities and operational costs rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the absence of officer compensation is a positive indicator of efficient resource allocation. The organization's NTEE code P800 (Housing & Shelter) suggests a focus on direct service, which typically aligns with higher program spending.
Transparency is high regarding executive compensation, as the organization consistently reports no officer compensation. This level of transparency is commendable and builds trust. The consistent filing of IRS Form 990s over 13 periods further demonstrates a commitment to public accountability. However, without a detailed functional expense breakdown, a complete assessment of spending efficiency across program, administrative, and fundraising categories is limited.