AI Transparency Report
Dannie Hood Ministries Inc. demonstrates a generally healthy financial trajectory with consistent revenue growth over the past decade, culminating in $326,632 in the latest reported period. The organization has also shown a strong ability to build its asset base, growing from $14,066 in 2011 to $449,897 currently, with no reported liabilities across all filings, indicating sound financial management and solvency. This consistent asset growth without debt is a significant positive indicator of financial stability.
Spending efficiency appears robust, particularly in the most recent 2023 period where expenses were $196,669 against revenues of $282,758, suggesting a significant portion of revenue is retained or directed towards program services. The absence of reported officer compensation across all filings is a notable aspect of its financial operations, contributing to lower administrative overhead and potentially allowing more funds to be allocated to its mission. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories within the provided data, a precise assessment of spending efficiency is limited.
Transparency is high regarding executive compensation, as no officer compensation has been reported in any of the 11 filings. The consistent filing of IRS Form 990s over a long period also indicates a commitment to regulatory compliance and public disclosure. While the NTEE code X99 is a general category, the overall financial picture suggests a well-managed and transparent organization, especially concerning its lack of debt and executive pay.