AI Transparency Report
Harbor Science And Arts Charter School demonstrates consistent operational activity, with revenues and expenses generally in the range of $4-5 million over the past decade. The organization has shown growth in assets, increasing from $481,247 in 2014 to $3,310,264 in 2023, indicating a strengthening financial position. However, the most recent filing (202306) shows expenses ($4,893,568) exceeding revenue ($4,385,176), resulting in a deficit for that period. This trend of expenses occasionally surpassing revenue has been observed in several past periods (e.g., 2023, 2022, 2018, 2016, 2014), suggesting a need for careful financial management to maintain long-term sustainability. The consistent reporting of 0% officer compensation across all filings indicates a strong commitment to directing funds towards the organization's mission rather than executive salaries, which is a positive sign for spending efficiency and transparency.