AI Transparency Report
Growing Places demonstrates consistent financial activity, with revenues generally exceeding or closely matching expenses over the past decade. The organization's assets have shown significant growth, more than tripling from $786,040 in 2018 to $2,568,388 currently, indicating effective asset management and accumulation. While the latest filing (202308) shows expenses ($1,412,193) slightly exceeding revenue ($1,276,671), this appears to be an anomaly in an otherwise stable financial history. The consistent reporting of 0% officer compensation across all filings suggests a strong commitment to directing funds towards its mission rather than executive salaries, enhancing its spending efficiency and transparency.
The organization's financial health appears robust, supported by growing assets and a history of managing expenses effectively relative to revenue. The absence of officer compensation is a notable strength, indicating a lean administrative structure at the top. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. The consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to transparency and regulatory compliance.