AI Transparency Report
The Crockett Foundation Inc demonstrates a consistent pattern of growth in both revenue and expenses over the past decade, indicating an expanding operational scope. While the organization has generally managed to keep expenses close to or below revenue in most years, the latest filing for 202312 shows expenses of $2,475,136 exceeding revenue of $2,176,115, resulting in a deficit for that period. This trend warrants monitoring to ensure long-term financial stability. The organization's assets have also grown significantly, from $3,564 in 2014 to $1,049,612 in 2023, suggesting effective asset accumulation, though liabilities have also increased substantially to $911,443 in 2023, which is a point of concern.
Spending efficiency appears to be a strength, given the consistent reporting of 0% officer compensation across all available filings, which suggests a strong focus on directing funds towards the mission rather than executive salaries. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. The rapid increase in liabilities, particularly in the most recent years, could indicate reliance on debt or deferred obligations, which impacts financial health.
Transparency is generally good with a consistent filing history. The absence of reported officer compensation is a positive indicator for transparency regarding executive pay. However, the lack of detailed expense categorization in the provided data limits a full transparency assessment regarding how funds are allocated across different functions. Further scrutiny of the full 990 forms would be necessary to fully understand the allocation of the $2,475,136 in expenses reported for 2023.