AI Transparency Report
Herbert Berghof Studio Inc. demonstrates consistent operational activity with revenues generally exceeding $2 million annually over the past decade. While the organization experienced a deficit in 2023, with expenses of $2,563,103 exceeding revenue of $2,246,128, this follows a surplus in 2022 where revenue of $2,733,644 outpaced expenses of $2,212,172. The organization's assets have fluctuated, reaching a high of $2,383,862 in 2021 and standing at $2,221,872 in 2023, indicating a stable financial base relative to its operational scale. Liabilities have also varied, peaking at $1,190,273 in 2021 and at $870,400 in 2023, which are manageable given the asset levels.
The organization's spending efficiency appears to be reasonable, though specific program, administrative, and fundraising expense breakdowns are not provided in the summary data. However, the consistent operational scale and the absence of officer compensation suggest a focus on mission delivery rather than executive enrichment. The consistent filing of IRS Form 990s over 13 periods indicates a commitment to regulatory compliance and transparency, providing a clear historical financial record for analysis. The fluctuations in annual surpluses and deficits are common for non-profits of this size and do not immediately suggest financial distress, especially given the healthy asset base.