AI Transparency Report
The Eleanor Whitmore Early Childhood Center Inc demonstrates generally sound financial health, with consistent revenue streams and a healthy asset base. Over the past five years, the organization has shown growth in both revenue and assets, with revenue increasing from $1,297,038 in 2019 to $2,288,286 in 2023, and assets growing from $1,518,854 to $2,714,015 in the same period. While the 2023 filing shows expenses ($2,397,482) slightly exceeding revenue ($2,288,286), this appears to be an anomaly in recent years, as the organization typically operates with a surplus, such as in 2022 where revenue ($2,733,764) significantly outpaced expenses ($2,206,998).
The organization's spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings, indicating that executive leadership is not drawing a salary from the organization. This suggests a high dedication of resources to its mission. The low liabilities relative to assets also point to good financial management. The consistent filing of IRS Form 990s over many years demonstrates a commitment to transparency, providing a clear historical record of its financial activities.