AI Transparency Report
Consejo Hispano demonstrates a generally sound financial position, though with notable fluctuations in revenue and expenses over the past few years. In the most recent filing (202312), the organization reported revenue of $705,616 against expenses of $944,304, indicating a deficit for that period. This follows a significant surplus in 202212 ($960,983 revenue vs. $822,875 expenses) and an exceptionally large revenue spike in 202112 ($11,235,773), which appears to be an outlier and warrants further investigation to understand its nature and impact on long-term financial stability. The organization consistently reports 0% officer compensation, which is a strong indicator of efficient use of funds and a commitment to directing resources towards its mission rather than executive salaries.
The organization's assets have grown substantially over the decade, from $66,977 in 201412 to $1,331,782 in 202312, suggesting effective asset management and accumulation. Liabilities remain relatively low, with $20,740 in 202312, indicating good financial control and minimal debt burden. The consistent reporting of 0% officer compensation across all available filings points to a high degree of transparency regarding executive pay and a focus on program delivery. While the revenue volatility, particularly the 2021 spike, could raise questions about funding consistency, the overall trend of asset growth and low liabilities suggests a well-managed organization.