AI Transparency Report
Good Heart Work Smart Foundation exhibits highly volatile financial performance, with significant fluctuations in revenue and expenses over the past decade. For instance, revenue swung from a high of $6,557,590 in 2021 to a negative revenue of $-120,557 in 2023, indicating an inconsistent funding model or significant one-time events. The organization's assets have also shown considerable variability, peaking at $4,415,503 in 2021 before declining to $2,033,361 in 2023. This volatility makes it challenging to assess long-term financial stability.
Spending efficiency is difficult to fully ascertain without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent reporting of 0% officer compensation across all filings suggests a commitment to minimizing executive overhead, which is a positive indicator for donor confidence. The organization's liabilities have generally remained low, often reported as $1 in recent years, which is a strong point for financial health.
Transparency appears to be adequate in terms of filing history, with 10 filings available. However, the lack of specific expense category breakdowns (program, admin, fundraising) in the provided data limits a comprehensive assessment of how efficiently funds are being allocated to its mission. The significant negative revenue in 2023 is a major concern that warrants further investigation into its financial operations and reporting practices.