AI Transparency Report
Friends Of The Royal Textileacademy Of Bhutan Inc demonstrates strong financial health, particularly in recent years. The organization has consistently reported significant revenue, with the latest available revenue at $4,923,671 and assets at $11,380,253. A notable trend is the substantial growth in assets, from $49,302 in 2012 to over $11 million currently, indicating effective asset accumulation and management. The organization's spending efficiency appears very high, with expenses consistently being a small fraction of revenue in most recent periods. For example, in 2023, expenses were $377,609 against $2,235,000 in revenue, and in 2022, expenses were $323,085 against $2,205,000 in revenue. This suggests a very low overhead relative to the funds raised.
The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 10 filings available. The consistent reporting of 0% officer compensation across all available filings is a significant positive indicator, suggesting that leadership is either volunteer-based or compensated through other means not classified as officer compensation, which can be a sign of dedication to the mission and efficient use of funds. The very low liabilities reported ($1 or $2 in recent years) also points to sound financial management and minimal debt. Overall, the financial data paints a picture of a well-managed and fiscally responsible nonprofit.