AI Transparency Report
Crecer Foundation demonstrates a generally stable financial position, though recent years show expenses exceeding revenue. In 2023, expenses were $276,216 against revenues of $270,858, resulting in a deficit. This trend is also visible in 2022 ($217,417 expenses vs. $183,112 revenue) and 2021 ($170,911 expenses vs. $111,960 revenue). While the organization has maintained positive net assets, these deficits could impact long-term sustainability if not addressed. The foundation's assets have fluctuated, reaching a high of $227,124 in 2019 but decreasing to $148,759 by 2023.
The organization's transparency is strong regarding executive compensation, as officer compensation has consistently been reported as 0% across all available filings. This indicates that the leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is a positive sign for donor confidence. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. The consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to regulatory compliance and public disclosure.