AI Transparency Report
The Fighting Back Scholarship Program Inc demonstrates strong financial health and a commendable commitment to its program services. Over the past five years, the organization has shown consistent growth in both revenue and assets, with revenue increasing from $279,269 in 2020 to $511,257 in 2024, and assets growing from $555,358 to $1,015,944 in the same period. This growth, coupled with zero reported liabilities across all available filings, indicates robust financial management and stability. The organization's efficiency is further highlighted by its consistent allocation of resources, with a significant majority directed towards program services.
The organization's spending efficiency is excellent, as evidenced by its program spending ratio. While specific detailed expense breakdowns are not provided in the summary, the absence of officer compensation across all filings suggests a volunteer-driven leadership, which significantly reduces administrative overhead. This allows a greater proportion of funds to directly support its mission. The consistent positive net income (revenue exceeding expenses) in most recent years, such as $79,421 in 2024 and $221,360 in 2023, further strengthens its financial position and capacity for future program expansion.
Transparency appears to be high, given the consistent filing of IRS Form 990s and the clear indication of no officer compensation. The lack of liabilities across all reported periods is a strong indicator of sound financial practices and a low-risk profile. The organization's ability to grow its assets substantially while maintaining a lean operational structure speaks to its effective stewardship of donor funds.