AI Transparency Report
Contemplative Outreach Ltd demonstrates consistent financial stability with total assets of $1,306,894 against liabilities of $29,876 in the most recent filing (202312), indicating a strong financial position. The organization has maintained a healthy asset base over the past decade, generally exceeding $1 million. Revenue and expenses have fluctuated, with revenue ranging from $596,264 to $1,098,357 and expenses from $753,648 to $996,776 over the last ten years. In 2023, the organization reported a surplus of $56,167 ($853,036 revenue - $796,869 expenses), which is a positive trend after a deficit in 2022.
The organization's spending efficiency appears to be strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This suggests that executive leadership is either volunteer-based or compensated through other means not classified as officer compensation, which can be a positive indicator for donor confidence. Without a detailed breakdown of program, administrative, and fundraising expenses, a precise efficiency ratio cannot be calculated, but the overall financial health suggests responsible management of resources.
Transparency is high regarding executive compensation, as explicitly stated as 0% in all filings. The consistent filing of IRS Form 990s over 13 periods also indicates a commitment to regulatory compliance and public disclosure. The organization's stable asset base and generally positive operating margins contribute to an overall picture of a well-managed and transparent nonprofit.