AI Transparency Report
Harrison Childrens Center Inc demonstrates a generally stable financial trajectory, with revenues showing significant growth over the past decade, from $1,057,120 in 2014 to $2,525,747 in 2023. The organization has consistently maintained positive net assets, which have also grown substantially from $329,937 to $1,490,950 over the same period, indicating sound financial management and accumulation of reserves. While there was a slight deficit in 2023 where expenses ($2,553,851) exceeded revenue ($2,525,747), this appears to be an anomaly in an otherwise fiscally responsible trend.
The organization's spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This suggests that a very high proportion of funds are likely directed towards program services rather than administrative overhead or executive salaries. The growth in assets also provides a buffer for future operations and program expansion. The consistent filing of IRS Form 990s over 13 periods indicates a commitment to transparency.
Overall, Harrison Childrens Center Inc appears to be a financially healthy and efficiently run organization. Its consistent growth in revenue and assets, coupled with zero reported officer compensation, points to a strong focus on its mission and responsible stewardship of donor funds. The minor deficit in the most recent year warrants monitoring but does not overshadow the overall positive financial picture.