AI Transparency Report
Economic Opportunity Program Inc Of Chemung County demonstrates consistent financial activity, with revenues generally exceeding expenses over the past several years, indicating sound operational management. For instance, in the 202306 period, revenue was $7,830,726 against expenses of $7,696,757, resulting in a surplus. The organization's assets have shown growth, reaching $2,992,625 in 202206 before a slight decrease to $2,641,512 in 202306, while liabilities have fluctuated but remained manageable relative to assets. This suggests a stable financial position capable of supporting its mission.
The organization's spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This indicates that a very high proportion of funds are likely directed towards program services and operational costs rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the absence of officer compensation is a positive indicator of resource allocation. The consistent filing of IRS 990s over 13 periods also points to a commitment to transparency.
Overall, the financial data suggests a well-managed nonprofit with a focus on its mission, characterized by stable revenue streams, controlled expenses, and a notable lack of executive compensation. This financial discipline contributes to a positive outlook on its ability to deliver on its objectives within the Chemung County community.