AI Transparency Report
Forever Changed International demonstrates consistent operational activity with annual revenues generally exceeding $1 million, though recent years show expenses often outpacing revenue. For instance, in 2023, expenses were $1,076,027 against revenues of $1,040,982, and in 2022, expenses were $1,006,246 against revenues of $825,215. This trend of deficit spending could impact long-term financial stability if not addressed. The organization's assets have also shown a declining trend, from a high of $479,756 in 2020 to $200,081 in 2023, which warrants attention.
Regarding spending efficiency, without a detailed functional expense breakdown, it's challenging to precisely assess program versus administrative and fundraising costs. However, the consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing overhead in this specific area, which is a positive indicator for donor confidence. The organization's NTEE code P46 (International Development, Relief Services) implies a focus on direct program delivery, which aligns with good charity practices.
Transparency appears to be strong in terms of executive compensation, with no reported officer compensation. The consistent filing of IRS Form 990s over 13 periods also indicates a commitment to regulatory compliance and public disclosure. However, a more detailed breakdown of functional expenses in their public filings would further enhance transparency and allow for a more precise evaluation of spending efficiency.